British & American Investment Trust PLC is a self-managed investment company. The Company�s objective is to achieve a balance to investors of growth in income and capital. The Company invests predominantly in investment trusts and other United Kingdom quoted companies. As of December 31, 2011, the Company�s portfolio consisted of a diversified list of around 43 United Kingdom quoted companies, three United Kingdom unquoted holdings and four overseas quoted companies. The Company acts as a long-only investment vehicle as an authorized investment trust and parent of a group of companies comprising two other investment companies and a film investment company. As of December 31, 2011, its holdings included RIT Capital Partners, Geron Corporation, Prudential, Electra Private Equity, Scottish American Inv Company, Dunedin Income Growth and British Assets Trust.