Portfolio Update

City of London Investment Trust PLC
03 January 2008

THE CITY OF LONDON INVESTMENT TRUST PLC



HENDERSON GLOBAL INVESTORS



3 January 2008









                    THE CITY OF LONDON INVESTMENT TRUST PLC



                            Listing Rule 15.4.11 (2)




In accordance with paragraph 15.4.11 (2) of the Listing Rules, The City of
London Investment Trust plc announces its ten largest investments as at 31
December 2007. Holdings with a value greater than 5% of gross assets are marked
*.


Company
Vodafone*
BP
British American Tobacco
Royal Dutch Shell
HSBC
Diageo
GlaxoSmithKline
BT
National Grid
Scottish & Southern Energy





                                    - ENDS -





For further information, please call:



Job Curtis

Fund Manager

The City of London Investment Trust plc

Telephone: [phone]



James de Sausmarez

Head of Investment Trusts

Henderson Global Investors

Telephone: [phone]




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