Portfolio update

Advance Focus Fund Limited announces that its top ten holdings as at
31 March 2006 were as follows:-

London Merchant Securities PLC
Liontrust Asset Management PLC
UMBRO PLC
Crest Nicholson PLC
Bradford & Bingley PLC
UK Coal PLC
Alphameric PLC
Brewin Dolphin Holdings PLC
Photo-Me International PLC
Compass PLC

Visit our website at 

http://www.pro-asset.com/




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