Portfolio Update

Schroder AsiaPacific Fund PLC
02 April 2004


FOR IMMEDIATE RELEASE
                                                                 02/04/04

To: The London Stock Exchange


Schroder Asia Pacific Fund plc

The Board of the Schroder Asia Pacific Fund plc announces that the top ten
holdings as at Wednesday 31 March 2004 are as follows:-

NAME                                            % of GROSS ASSETS

Samsung Electronics                             8.8%
Fortune Real Estate                             2.7%
Guoco Group                                     2.7%
Taiwan Semiconductor Manufacturing              2.5%
Hyundai Motor Company                           2.4%
Schroder Taiwan Fund                            2.3%
Grasim Industries Limited                       2.2%
Jardine Matheson Holdings                       2.1%
Quanta Computer                                 1.9%
Noble Group                                     1.8%


By Order of the Board
Schroder Investment Management Limited
Secretaries


Enquiries:     Anhony Carney                               020 7658 2548
               Schroder Asia Pacific Fund plc


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            The company news service from the London Stock Exchange                GGGSD