RNS Number:9343T
Schroder Ventures Intl Inv Tst PLC
07 January 2004


For immediate release 7 January 2004



         SCHRODER VENTURES INTENATIONAL INVESTMENT TRUST PLC ("SVIIT")

           QUARTERLY PORTFOLIO DISCLOSURE OF TEN LARGEST INVESTMENTS

SVIIT announces that at 31 December 2003, its ten largest investments were:

Company                                        *% of         *% of            **Unaudited Valuation of holding at 31
                                         Gross Assets     Net Assets            December 2003
                                                                                                            #'000

Travelodge & Little Chef                       9.4               10.9                                        55,347
Memec                                          7.4                8.6                                        43,547
Cognis                                         6.4                7.4                                        37,725
Ferretti                                       6.2                7.1                                        36,179
SEAT Pagine Gialle***                          6.1                7.0                                        35,529
Hogg Robinson                                  4.2                4.8                                        24,410
Premiere                                       2.9                3.3                                        16,817
Takko                                          2.8                3.2                                        16,342
Austriamicrosystems                            2.6                3.0                                        15,089
Inmarsat***                                    2.3                2.7                                        13,733


* Gross and Net Assets as at 30 June 2003 updated for the net proceeds of
#45,910,000 from the issue of new shares in October 2003.

**The unaudited valuation at 31 December 2003 was calculated on the basis of the
asset valuation at 30 June 2003, adjusted to reflect the transfer of assets to
P123 and any realisations and new investments up to 31 December 2003. With the
exception of new investments, the asset valuation of has not been adjusted for
any currency movements since 30 June 2003.

*** The valuation of new investments is based on cost in fund currency
translated into # at 31 December 2003 exchange rates.

SVIIT's underlying portfolio of companies is in the process of being revalued in
accordance with the British Venture Capital Association (BVCA) guidelines. An
updated valuation and net asset value for 31 December 2003 will be announced in
March 2004.

This announcement was made in accordance with the Listing Rule 21.20 (l) (ii)
which requires, inter alia, UK listed Investment Companies to notify to a
Regulatory Information Service, within two business days of the end of each
quarter, a list of all investment with a value greater than 5% of the Company's
gross assets and at least the Company's ten largest investment as at the last
business days of that quarter.

For further information, please contact:

Schroder Ventures (London) Limited

Alice Todhunter                                        020 7010 8925


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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