Interim Management Statement

JP Morgan Mid Cap Invest Trust PLC 
23 April 2008




                     JPMorgan Mid Cap Investment Trust plc

                          Interim Management Statement

                   For the three months ended 31st March 2008


This interim management statement relates to the quarter from 1st January 2008
to 31st March 2008 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

Share price                           2.5%              -2.4%       -25.0%         48.3%        197.7%
Net asset value                       1.9%              -6.0%       -22.3%         44.5%        201.2%
Benchmark                             0.0%              -5.7%       -13.6%         50.6%        193.0%



* total return with net dividends reinvested
Source: JPMAM/Fundamental Data


Financial position
 
                              As at 31st March 2008               As at 22nd April 2008
Total assets                                £176.8m                             £172.3m
Share price                                 528.0p                               524.0p
Net asset value                             619.2p                              613.88p
Discount                                     14.7%                               14.64%
Gearing                                      108.3%                             107.19%



Share prices shown are closing bid
Net asset values are shown with debt at fair value
Source: JPMAM/Fundamental Data


Material events
There were no material events.


Material transactions

Changes to share capital

                                                             Ordinary Shares of 25p

Shares in issue as at 1st January 2008                       27,159,380
Shares bought back and cancelled                             855,200
Shares issued - new                                          -
As at 31st March 2008                                        26,304,180



During the quarter, the Company made market purchases of 855,200 of its own
shares for cancellation, representing 3.15% 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 31st March 2008

Stock name                              Sector                                 Weight %
Stagecoach                              Consumer Services                      2.9
GKN                                     Consumer Goods                         2.9
Cookson                                 Industrials                            2.8
Hays                                    Industrials                            2.8
Charter                                 Industrials                            2.8
Intermediate Capital                    Financials                             2.7
Aggreko                                 Industrials                            2.6
Petrofac                                Oil & Gas                              2.4
GAME                                    Consumer Services                      2.4
Investec                                Financials                             2.3



Sector analysis as at 31st March 2008

                                                      Portfolio %
Industrials                                           33.4
Financials                                            20.6
Consumer Services                                     20.1
Oil & Gas                                             9.8
Consumer Goods                                        7.2
Basic Materials                                       2.6
Technology                                            2.4
Utilities                                             1.6
Telecommunications                                    0.0
Health Care                                           0.0
Cash                                                  2.3
Total                                                 100.00





By order of the Board
Andrew Norman, for and on behalf of
JPMorgan Asset Management (UK) Limited, Secretary
23rd April 2008

Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ
Telephone: [phone]

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



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