Top 10 Holdings

Brunner Investment Trust PLC
08 July 2003


                             THE BRUNNER INVESTMENT TRUST PLC
                          TOP 10 HOLDINGS AS AT 30TH JUNE 2003

Stock Name                                                       Market Value         %
                                                                       £
Treasury 5% 2004                                                 25,478,552         10.84
BP                                                                8,632,242          3.67
Vodafone                                                          7,573,422          3.22
GlaxoSmithkline                                                   7,007,191          2.98
HSBC                                                              6,312,857          2.69
Royal Bank of Scotland                                            5,846,980          2.49
Astrazeneca                                                       3,898,060          1.66
Barclays                                                          3,864,704          1.64
Shell Transport & Trading                                         3,845,476          1.64
Lloyds TSB                                                        2,621,010          1.12


Total Assets Less Current Liabilities                           234,980,637



Enquiries:

Kirsten Salt

Company Secretary

Tel: [phone]

8th July 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange           FLLDIITIIV