Portfolio Update

Investors Capital Trust PLC
03 July 2007



To:                RNS

From:              Investors Capital Trust plc

Date:              03-Jul-07



Listing Rule 15



In accordance with paragraph 15.4.11(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 gross assets, as at 29-Jun-07:




Investors Capital Trust
Top 10 Holdings
Company                                            % Total Assets
Royal Dutch Shell B                                4.9
BP                                                 4.3
Vodafone                                           4.0
RBS Grp                                            3.3
HSBC                                               3.2
Glaxosmithkline                                    3.2
Tesco                                              2.2
Imperial Tobacco Grp                               2.1
BG Grp                                             2.1
National Grid                                      1.9





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