Top Ten Holdings

Investment Company PLC
15 October 2007

The Investment Company plc
Ten Largest Investments



The Investment Company plc announces that, as at 30th September, its ten largest
investments were as follows:



Investments over 5% of total assets

     Stock                                                                Shares             % of portfolio

1.   REA Holdings
     9% cum pref £1                                                      860,009
     9.5% Gtd Notes 31/12/15/17                                          150,000                       8.79

2.   Delta
     4.5% 2nd cum pref £1                                              1,380,099                       8.26

3.   Whitbread Hotel Co
     4.5% 'A' cum pref £1                                                546,640
     6.5% 'A' cum pref £1                                                496,037                       7.83

4.   Fiske
     Ordinary 25p                                                      1,071,000                       6.58



Investments under 5% of total assets

      Stock                                                              Shares             % of portfolio

5.    Coats International
      6% red pref stock £1                                              624,347                       4.62

6.    Fishguard & Rosslare Railways &
      Harbour Co
      3.5% gtd pref stock £1                                            775,999                       3.84

7.    Turbo Power Systems
      Common Shares NPV                                               3,437,500
      6.5% conv notes 2010                                              250,000
      Warrants 10/03/10                                                  218750                       3.80


8.    Satcom Group Holdings
      8% Conv Bonds 30/06/09                                            280,000
      8% Conv Bonds 31/12/10                                            100,000                       3.77

9.    Dunlop Plantations
      6% cum pref £1                                                    538,493                       3.31

10.   Amalgamated Metal
      5.4% cum pref stock £1                                            256,065
      6% cum pref £1                                                    213,510                       3.21

      Total                                                                                          54.01




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