Portfolio Update

Schroder AsiaPacific Fund PLC
02 July 2004

FOR IMMEDIATE RELEASE
                                                                 02/07/04



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 30 June 2004 are as follows:-

NAME                                            % of GROSS ASSETS

Samsung Electronics                             7.2%

Fortune Real Estate                             3.1%

Jardine Matheson Holdings                       2.3%

Guoco Group                                     2.2%

Venture                                         2.2%

Hyundai Motor                                   2.2%

Schroder Taiwan Fund                            2.2%

Taiwan Semiconductor                            2.1%

Quanta Computer                                 1.9%

Swire Pacific                                   1.9%







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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