Portfolio update
             



Third Advance Value Realisation Company announces that its top ten
holdings as at 29th February 2008 were as follows:-

Scapa Group Plc
Zotefoams Plc
Dawson International Plc
Bioquell Plc
Financial Objects Plc
Iimia Mitonoptimal plc
Liontrust Asset Management Plc
Kellan Group
Inveresk plc
Management Consulting Group

No other assets which represented more than 5% of gross assets were
held on 29th  February 2008.

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