Portfolio Update

Investors Capital Trust PLC
02 October 2007



To:       RNS
From:     Investors Capital Trust plc
Date:     02-Oct-07



Listing Rule 15



In accordance with paragraph 15.6.8(2) of the Listing Rules Investors Capital
Trust plc announces its top ten holdings, including all holdings with a value
greater than 5% of its total assets, as at 30-Sep-07:




Investors Capital Trust
Top 10 Holdings
Company                                            % Total Assets
Royal Dutch Shell                                  4.4
Vodafone                                           4.4
BP                                                 4.3
HSBC                                               3.5
Glaxosmithkline                                    3.4
RBS Grp                                            2.3
Tesco                                              2.2
BG Grp                                             2.1
National Grid                                      2.1
Imperial Tobacco Grp                               2.0





For further information please contact:

Michael Campbell
F&C Investment Business Limited
0207 628 8000






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