Interim Management Statement

JP Morgan Mid Cap Invest Trust PLC 
30 October 2007


                     JPMorgan Mid Cap Investment Trust plc
                                (the 'Company')

                    Interim Management Statement (unaudited)

                 For the three months ended 30th September 2007


This interim management statement relates to the quarter from 1st July 2007 to
30th September 2007 and contains information that covers that period, unless
otherwise stated.


Financial performance - Cumulative Total Return *

                         1 Month      3 Months       1 Year       3 Years      5 Years      10 Years
Share price              (4.9)%       (11.3)%        3.2%         100.9%       222.0%       186.9%
Net asset value          (6.2)%       (8.9)%         6.9%         94.5%        207.5%       183.5%
Benchmark                (2.8)%       (4.5)%         12.3%        89.7%        198.3%       213.5%


* total return with net dividends reinvested

Source: JPMAM/Fundamental Data


Financial position

                                   As at 30th September 2007    As at 29th October 2007
Net assets                                 £199.7m                  £210.5m
Share price                                616.50p                  662.50p
Net asset value per share                  717.85p                  764.69p
Discount                                    14.1%                    13.4%
Gearing                                    116.0%                   114.0%



Share prices shown are closing mid

Net asset values are shown excluding income with debt at fair value

Source: JPMAM/Fundamental Data


Material events

The Company's Annual General Meeting ('AGM') is to be held at The Armourers'
Hall, 81 Coleman Street, London EC2R 5BJ on Wednesday 7th November 2007 at 12.00
noon.


Material transactions

Changes to share capital
                                                             Ordinary Shares of 25p

Shares in issue as at 30th June 2007                         29,232,000
Shares bought back and cancelled                             1,409,120
Shares issued - new                                          -

Shares bought back into treasury                             -

Shares issued - from treasury                                -
As at 30th September 2007                                    27,822,880


During the quarter, the Company made market purchases of 1,409,120 of its own
shares for cancellation, representing 4.8% of the shares in issue at the
beginning of the financial year. The Company has not issued any shares in this
financial quarter.


Portfolio

Top ten holdings as at 30th September 2007

Stock name                                   Sector                                 Weight %

Amlin                                        Financials                             2.9
Aggreko                                      Industrials                            2.9
FirstGroup                                   Consumer Services                      2.8
Stagecoach                                   Consumer Services                      2.7
Hays                                         Industrials                            2.7
Investec                                     Financials                             2.7
Cookson                                      Industrials                            2.6
Hiscox                                       Financials                             2.4
Go-Ahead                                     Consumer Services                      2.3
FKI                                          Industrials                            2.3


Sector analysis as at 30th September 2007

Sector                                                Portfolio %

Industrials                                           36.8
Financials                                            21.1
Consumer Services                                     20.8
Consumer Goods                                        9.1
Oil & Gas                                             8.2
Technology                                            2.8
Basic Materials                                       1.7


Total equities                                        100.5

Cash                                                  (0.5)

Total                                                 100.0


By order of the Board

Andrew Norman, for and on behalf of
JPMorgan Asset Management (UK) Limited, Secretary
30th October 2007


Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ

This interim management statement has been prepared solely to provide
information to meet the requirements of the UK Listing Authority's Disclosure
and Transparency Rules.

Please note that up to date information on the Company, including daily NAV and
share prices, factsheets and portfolio information can be found at
www.jpmmidcap.co.uk. For investor information please contact the JPMorgan
helpline on Freephone 0800 40 30 30.


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

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