Portfolio Update

Lindsell Train Investment Trust PLC
04 April 2006

THE LINDSELL TRAIN INVESTMENT TRUST PLC

In accordance with Listing Rule 15.4.11 (2), The Lindsell Train Investment Trust
PLC announces that at 31 March 2006 the ten largest investments were as follows:
Company                                                             Market Value (£)        Percentage of
                                                                                                portfolio
HBOS 9.25% Non-Cum Irredeemable Pref GBP1                                  3,054,773                 9.78
Lindsell Train Global Media (Distributor) Inc A                            2,978,473                 9.45
Barr (AG) PLC Ordinary                                                     2,613,733                 8.38
Cadbury Schweppes PLC Ord 12.5p                                            2,205,060                 6.99
US Treasury 6.25% 15/05/2030                                               2,196,838                 6.97
Diageo PLC Ordinary 28 101/108p                                            2,101,920                 6.67
2.5% Consolidated Loan Stock                                               1,985,210                 6.30
Wolverhampton & Dudley Breweries Ord 25p                                   1,620,755                 5.16
Lindsell Train Management Ltd                                              1,580,038                 5.01
Treasury 2.5%                                                              1,471,250                 4.67
Total                                                                     21,808,050                69.38

There were no additional investments with a value greater than 5% of the
Company's portfolio.

Phoenix Administration Services Limited - Secretary

4 April 2006


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