Portfolio update

Advance Focus Fund Limited announces that its top ten holdings as at 31 March 2007 were as follows:- UK Coal plc UMBRO plc Compass Group plc Liontrust Asset Management plc Nestor Healthcare Group plc Anite Group plc Cadbury Schweppes plc BP plc Wolson Microelectronics plc Brewin Dolphin Holdings plc No other investments were held on 31 March 2007 which represented more than 5% of gross assets. ---END OF MESSAGE---
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