Top Ten Holdings

MURRAY INTERNATIONAL TRUST PLC


In accordance with UKLA Listing Rule 21.20(l)(ii) as at 31 December 2004, the
Company has no investments with a value greater than 5% of the Company's gross
assets.

A list of the 10 largest investments as at 31 December 2004 is detailed below:

Security                           %  Gross Assets

Atrium Underwriting                3.64
S&P Future March 05                3.31
GlaxoSmithKline                    2.20
Vodafone Group                     2.12
Petrol Brasileiros ADR             1.52
Resolution Life                    1.51
British American Tobacco           1.44
Barclays                           1.40
Royal Dutch Petroleum              1.34
BP                                 1.33

Aberdeen Asset Management
Secretary to Murray International Trust PLC