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TR European Growth (TRG)

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Wednesday 04 January, 2006

TR European Growth

Portfolio Update

TR European Growth Trust PLC
04 January 2006

TR EUROPEAN GROWTH TRUST PLC



HENDERSON GLOBAL INVESTORS



4 JANUARY 2006









                          TR EUROPEAN GROWTH TRUST PLC



                            Listing Rule 15.4.11 (2)







In accordance with paragraph 15.4.11 (2) of the Listing Rules, TR European
Growth Trust PLC announces its ten largest investments as at 31 December 2005.
There are no holdings with a value greater than 5% of gross assets.


Company
Pfleiderer
Azimut
Aufeminin.com
OMV
Rhodia
Turkiye Is Bankasi
NDS Group
Sjaelso Gruppen
Turkiye Vakiflar Bankasi
Heijmans







                                    - ENDS -





For further information, please call:



Stephen Peak

TR European Growth Trust PLC

Telephone: 020 7818 4334



James de Sausmarez

Head of Investment Trusts

Henderson Global Investors

Telephone: 020 7818 3349








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