Top Ten Investments

Investment Company PLC
23 January 2008

The Investment Company plc

Ten Largest Investments



The Investment Company plc announces that, as at 31st December 2007, 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                       9.46

2.   Delta
     4.5% 2nd cum pref £1                                              1,380,099                       8.93

3.   Fiske
     Ordinary 25p                                                      1,071,000                       8.01

4.   Coats International
     6% red pref stock £1                                                624,347                       5.14



Investments under 5% of total assets
      Stock                                                              Shares             % of portfolio
5.    Fishguard & Rosslare Railways &
      Harbour Co
      3.5% Gtd pref stock £1                                            775,999                       4.27

6.    Satcom Group Holdings
      8% Conv Bonds 30/06/09                                            280,000
      8% Conv Bonds 31/12/10                                            100,000                       4.18

7.    Amalgamated Metal
      5.4% cum pref stock £1                                            256,065
      6% cum pref £1                                                    213,510                       3.57

8.    Dunlop Plantations
      6% cum pref £1                                                    538,493                       3.53

9.    Libra Natural Resources
      8% Gtd Conv Bonds 2010                                            300,000                       3.41

10.   Turbo Power Systems
      Common Shares NPV                                               3,437,500
      6.5% conv notes 2010                                              250,000
      Warrants 10/03/10                                                 218,750                       3.36

      Total                                                                                          53.86




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