Statistics & Performance Rpt

Herald Investment Trust PLC
10 May 2004


The issuer advises that the following replaces the Statistics and Performance 
Report released on 7 May 2004 at 11.03am under RNS number 4145Y.


The Net Assets at 30/04/04 should read £339.9m and not £366.6m as previously 
shown.


All other details remain unchanged. The full corrected version is shown below:

                                            HERALD INVESTMENT TRUST
                                       STATISTICS AND PERFORMANCE REPORT

                          At                 At              At                  Performance      Performance
                          inception                                              since            since 
                          16 February        31 March        30 April            31 March         inception
                          1994               2004            2004                2004 (%)         (%)

NAV (p)                     98.7 p*            390.9 p         387.1 p               -1.0%           +292.2%
FTSE-100                  3417.7              4385.7          4489.7                  2.4%            +31.4%
FTSE-All-share            1717.8              2197.0          2237.3                  1.8%            +30.2%
FTSE-Smallcap             2076.1              2632.9          2625.3                 -0.3%            +26.5%
Extended HGSC
(capital gains ex         1750.0              2543.9          2549.8                  0.2%            +45.7%
I.T.)
Share price                 90.9 p**           331.0 p         330.0 p               -0.3%           +263.0%

Premium/(Discount) to NAV/share as at 30 April 2004                                                  (14.8)%

UK Equity Portfolio as a %  of Net Assets at 30 April 2004***                                          69.7%

Overseas Equity Portfolio as % of Net Assets at 30 April 2004****                                      29.6%

Gearing/(Cash) as a % of Net Assets at 30 April 2004*****                                               0.8%

Number of Equity Holdings at 30 April 2004                                                               248

*100p was the subscription price before launch costs of 1.3p
**90.9p is CGT base subscription price for shareholders adjusting for warrants which
          were issued on a 1 for
5 basis.
***Includes 4 convertibles and 1 warrant
****Includes 2 warrants
***** On 30 April 2004, US $47.35m was borrowed for a period of 6 months at 1.79%.

The Net Assets at 30/04/04 was £339.9m.
There are 87,807,348 shares currently in issue.
This Report has  been  issued  on  behalf  of  Herald  Investment  Trust plc,
and  has  been  approved  by Herald  Investment Management Limited, its
investment manager. Herald Investment Management Limited is authorised and
regulated by the Financial Services Authority.   You should remember that past
performance is not necessarily a guide to the future.  Markets and currency
movements may cause the value of shares, and the income from them, to fall as
well as rise, and you may get back less than you invested when you decide to
sell your shares.

These figures are not audited.




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