Twenty Largest Holdings, 30 April 2007

Here are my twenty largest holdings at the end of April (note that IT=Investment Trust and that figures represent percentage of portfolio). Cash stood at about 4%. Additions were made to Coffee Republic (through a share placing), Character Group, and Clarkson. BP was reduced. Gains so far this year - 10.3% compared to FTSE100 at 4.7% and FTSESmallerCos at 5.4%.

Coffee Republic 6.1
Character Group 5.9
Highway Insurance 4.0
Soco 3.1
Renold 3.1
Fayrewood 2.5
RC Group 2.3
Smaller Companies Dividend IT 2.1
Jupiter Dividend and Growth IT 2.0
BP 1.9
Burren Energy 1.8
British Insurance 1.8
Northern Recruitment 1.7
Keller 1.6
Clarkson 1.6
Dana Petroleum 1.5
Henderson Far East IT 1.4
Geong 1.4
Asset Management IT 1.4
Aminex 1.4