Monthly Portfolio Disclosure

City Natural Res High Yield Tst PLC
05 January 2004



In accordance with UKLA Listing Rule 21.20 (1)(ii) City Natural Resources High
Yield Trust plc announces the following portfolio disclosures as at 31 December
2003, in other UK listed investment companies (including investment trusts)
which themselves do not have a stated invesment policy to invest no more than
15% of their gross assets in other UK listed investment companies (including
investment trusts):

CITY NATURAL RESOURCES HIGH YIELD TRUST PLC

No investments requiring disclosure






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