Interim Results

Edinburgh Worldwide Investment Trust PLC
31 May 2000

                                       
              Interim Results for the six months to 30 April 2000

                 - EWIT outperforms MSCI World Index by 6.7% -
 
 
The  investment  objective  of the company is to  achieve  long-term  capital
growth  in  excess of the capital return (in sterling terms)  of  the  Morgan
Stanley  Capital  International  World Index  by  investing  in  stockmarkets
throughout the world.
 
EWIT outperformed its benchmark by 6.7%: net asset value per share increased 
by 18.9% to 322.0p, substantially beating the MSCI World Index which rose by
12.2% in sterling terms

The share price increased by 12.9% to 249.0p

Interim dividend of 0.5p per share payable to shareholders on 7 July 2000

Looking ahead, favoured areas remain Asia and the UK
 
 
For further information, please contact:-
 
Iain Beattie Director,Edinburgh Fund Managers plc 0131 313 1000

CHAIRMAN'S STATEMENT

I  am pleased to report that the excellent performance recorded last year  has
continued  into  the current financial year. For the six months  to  30  April
2000,  the  net  asset value per share increased by 18.9% to 322.0p  and  this
compares with the MSCI World Index which rose by 12.2% in sterling terms  over
the  same  period.  The share price rose by 16.2% to 249p  and  represented  a
discount of 22.9% to net asset value at 30 April 2000.

Portfolio
During  the  six  months,  there  were no  major  changes  to  the  geographic
distribution  of  the  portfolio. Exposure to the United  States  was  reduced
slightly from 50.7% to 47.0% in favour of Japan where the weighting rose  from
11.3%  to  13.2%. The portfolio's exposure to the other geographic  areas  was
broadly unchanged with the UK representing 10.2% of the equity portfolio while
Europe, the Pacific Basin and Latin America accounted for 22.1%, 5.6% and 0.9%
respectively. In relation to the benchmark index, the portfolio is  overweight
in  the  Pacific Basin, underweight in the USA and has a neutral weighting  in
the  other areas. The level of gearing was maintained at around 10% during the
period.

During March and April, the sector allocation of the portfolio was altered  as
the  manager  realised  profits  from  the  technology  and  telecommunication
sectors. These two areas, plus the media sector, had been the main drivers  of
global  equity  markets until the early part of this year.  The sale  proceeds
were  re-invested  in  defensive stocks in the pharmaceutical,  financial  and
utilities sectors.

In  a  continuation from last year, the out-performance of the net asset value
was  attributable largely to excellent stock selection with all the geographic
segments  of  the  portfolio, except Europe, producing returns  ahead  of  the
relevant  index.  The strongest market returns were however  seen  in  Europe,
particularly  those countries with a high exposure to technology  stocks,  and
Finland  and Sweden rose by 90% and 60% respectively. The Japanese and Pacific
Basin markets rose by around 8% while in the UK, the FTSE All-Share Index rose
by  only 4%.The impact of technology was most apparent in the returns from the
United  States where the broadly based S&P 500 Index rose by 11.7%  while  the
technology  dominated  NASDAQ Composite Index rose by 36.5%  (all  figures  in
sterling terms).


Revenue
The  revenue  return for the period amounted to 0.80p per share (1999:  1.48p)
with  the  reduction from the previous year being attributable to  a  fall  in
interest  receivable resulting from lower cash balances.  The  directors  have
declared an interim dividend of 0.50p per share, unchanged from last year. The
interim  dividend will be paid on 7 July 2000 to shareholders on the  register
on 16 June 2000.

Outlook
Early signs are emerging that economic activity will slow down later this year
and  this suggests that the end of the current period of rising interest rates
is  in sight. Provided central bankers do not indulge in monetary overkill,  a
background  of  stable  economic growth, low inflation and  growing  corporate
profits  should  be rewarding for investors in global equities.  In  the  near
term,  the recent volatility of equity markets may continue until the  outlook
for interest rates becomes clearer.

Technology stocks have fallen sharply recently and have impacted negatively on
returns.  The company's exposure to this sector is focused on network builders
and  business  service  providers rather than  Internet  retailing  and  I  am
confident that this strategy will add significant value in the future.


David Coltman
Chairman
31 May 2000

STATEMENT OF TOTAL RETURN
for the period ended 30 April 2000(unaudited)
                                  Revenue    Capital      Total
                                     £000       £000       £000
Realised gains on investments           -     11,661     11,661
Unrealised gains on investments         -     15,069     15,069
Foreign exchange losses                 -       (397)      (397)
Investment income                     679          -        679
Interest receivable                   450          -        450
Other income                           13          -         13
Investment management fee            (199)      (596)      (795)
Administrative expenses              (175)          -      (175)
                                                               
Net  return before finance costs      768     25,737     26,505
and taxation
Interest payable                     (279)      (836)    (1,115)
                                                               
Return  on  ordinary  activities      489     24,901     25,390
before taxation
Taxation                              (95)        25       (70)
                                                               
Return  attributable  to  equity      394     24,926     25,320
shareholders
Dividend  in respect  of  equity     (245)         -       (245)
shares
                                                               
                                      149     24,926     25,075
                                                               
                                                               
Return per ordinary share            0.80p     50.87p     51.67p
                                                               

for the period ended 30 April 1999 (unaudited - restated)
                                  Revenue    Capital      Total
                                     £000       £000       £000
Realised gains on investments           -      3,284      3,284
Unrealised gains on investments         -     29,304     29,304
Foreign exchange losses                 -       (202)      (202)
Investment income                     746          -        746
Interest receivable                   727          -        727
Other income                           12          -         12
Investment management fee            (118)      (354)      (472)
Administrative expenses              (132)         -       (132)
                                                               
Net  return before finance costs    1,235     32,032     33,267
and taxation
Interest payable                     (286)      (836)    (1,122)
                                                               
Return  on  ordinary  activities      949      31,196    32,145
before taxation
Taxation                             (225)        149       (76)
                                                               
Return  attributable  to  equity      724      31,345    32,069
shareholders
Dividend  in respect  of  equity     (245)          -      (245)
shares
                                                               
                                      479      31,345    31,824
                                                               
                                                               
Return per ordinary share            1.48p      63.96p    65.44p
                                                               

for the period ended 31 October 1999 (audited - restated)
                                  Revenue    Capital      Total
                                     £000       £000       £000
Realised gains on investments           -      7,914      7,914
Unrealised gains on investments         -     27,714     27,714
Foreign exchange losses                 -        (12)       (12)
Investment income                   1,703          -      1,703
Interest receivable                 1,227          -      1,227
Other income                           26          -         26
Investment management fee            (271)      (814)    (1,085)
Administrative expenses              (303)         -       (303)
                                                               
Net  return before finance costs    2,382     34,802     37,184
and taxation
Interest payable                     (568)    (1,679)    (2,247)
                                                               
Return  on  ordinary  activities    1,814     33,123     34,937
before taxation
Taxation                             (443)       274       (169)
                                                               
Return  attributable  to  equity    1,371     33,397     34,768
shareholders
Dividend  in respect  of  equity   (1,078)         -     (1,078)
shares
                                                               
                                      293     33,397     33,690
                                                               
                                                               
Return per ordinary share            2.80p     68.15p     70.95p
                                                               

BALANCE SHEET  (unaudited)
                                At 30     At 31      At 30
                                April   October      April
                                 2000      1999       1999
                                 £000      £000       £000
Fixed assets                                              
Investments                   173,672   145,717    140,040
Investment property               180       180        180
                                                          
                              173,852   145,897    140,220
                                                          
                                                          
Current assets                 24,878    29,332     34,948
Current liabilities            (1,075)   (2,839)    (4,880)
                                                          
Net current assets             23,803    26,493     30,068
                                                          
                                                          
Total  assets less current    197,655   172,390    170,288
liabilities
Creditors:   falling   due    (39,863)  (36,673)   (39,437)
after more than one year
                                                          
                              157,792   132,717    130,851
                                                          
                                                          
Capital and reserves                                      
Called up share capital  -      2,450     2,450      2,450
equity
Reserves                      155,342   130,267    128,401
                                                          
Total equity shareholders'    157,792   132,717    130,851
funds
                                                          
                                                          
Net    asset   value   per     322.00p   270.83p    267.02p
ordinary share

CASHFLOW STATEMENT

                                For 6        For 6     For year
                               months       months        ended
                                ended        ended   31 October
                             30 April     30 April         1999
                                 2000         1999
                                 £000         £000         £000
                                                               
Net cash inflow from               16          635        1,643
operating activities

Net cash outflow from          (1,099)      (1,144)      (2,277)
servicing of finance

Total tax paid                    (44)         (88)        (249)

Net cash outflow from            (433)      (4,066)      (7,094)
financial investment

Equity dividends paid            (833)        (122)        (367)
                                                               
Net cash outflow before        (2,393)      (4,785)      (8,344)
financing

Net cash inflow from                                           
management of liquid            6,023      (12,109)      (5,842)
resources
                                                               
Net cash outflow from               -            -            -
financing
                                                               
                                                               
INCREASE IN CASH                3,630      (16,894)     (14,186)
                                                               



NOTES :
1. The  same  accounting policies used  for  the  year  to  31
   October  1999  have been applied other than  for  taxation.
   Dividends received from UK companies are now reported net of
   the tax credit in accordance with Financial Reporting Standard
   16 Current tax'. The figures in relation to 1999 have been
   restated to reflect this change.

   75%  of  the  investment management fee and  finance  costs
   have  been  charged to capital reserves in  line  with  the
   expected  future  split of returns  over  the  longer  term
   between capital and revenue.
   
2. The directors have declared an interim dividend of 0.5p  to
   be paid on 7 July 2000 to shareholders on the register at the
   close of business on 16 June 2000. The ex-dividend date is 12
   June 2000.

3. The  statement  of total return and the balance  sheet  set
   out  above  do  not  represent full statutory  accounts  in
   accordance with Section 240 of the Companies Act 1985.  The
   statutory  accounts  for 1999 have been  delivered  to  the
   Registrar   of  Companies  and  contained  an   unqualified
   auditors' report.

4. The  Interim  Report will be posted to shareholders  on  16
   June  2000 and copies will be available from the registered
   office.

Please  note that past performance is not necessarily a  guide
to the future and that the value of investments and the income
from  them  may  fall as well as rise and may be  affected  by
exchange  rate  movements.  Investors may  not  get  back  the
amount they originally invested.


For Edinburgh Worldwide Investment Trust plc
Edinburgh Fund Managers plc, Secretary
David Holland
Assistant Secretary