Portfolio Update

Mid Wynd Inter Inv Trust PLC
05 July 2004



                  MID WYND INTERNATIONAL INVESTMENT TRUST PLC

   Statement of Top Ten Investments and all Holdings Over 5% of Total Assets



30 June 2004


No       Holding                                               % of Total Assets

1.       Baillie Gifford Pacific C                                    6.2%
2.       Golden West Financial                                        2.7%
3.       Altria Group                                                 1.9%
4.       Total                                                        1.8%
5.       OAT France '98 IL 3% '09                                     1.7%
6.       BTP Italy '04 2.15% '14                                      1.7%
7.       Vodafone Group                                               1.7%
8.       Imperial Tobacco                                             1.7%
9.       Omnicom                                                      1.7%
10.      Moodys                                                       1.6%





                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                     5 July 2004






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