Portfolio Update

Schroder AsiaPacific Fund PLC
05 January 2005

FOR IMMEDIATE RELEASE
                                                                 05/01/05




To : The London Stock Exchange





Schroder AsiaPacific Fund plc





The Board of the Schroder AsiaPacific Fund plc announces that the top ten
holdings

as at Friday 31 December 2004 are as follows:-

NAME                                            % of GROSS ASSETS
Samsung Electronics                             5.7%
Fortune Real Estate                             3.2%
Jardine Matheson Holdings                       2.9%
Guoco Group                                     2.3%
Land & Houses                                   2.3%
Taiwan Semiconductor                            2.2%
Hyundai Motor                                   2.2%
Seoul Securities                                2.0%
Schroder Taiwan Fund                            1.9%
Swire Pacific                                   1.9%






By Order of the Board


Schroder Investment Management Limited


Secretaries








Enquiries :
                        Anhony Carney 020 7658 2548

Schroder AsiaPacific Fund plc


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