Interim Management Statement

Monks Investment Trust PLC
06 August 2007


                         THE MONKS INVESTMENT TRUST PLC

            Interim Management Statement - 3 months to 31 July 2007


Monks aims for long-term capital gain from an internationally diversified equity
portfolio.  It is prepared to move freely between markets and adjust investment
style as opportunities arise, but capital growth takes priority over income.


                              Review of the Period
     
•    Over the period, the Company's net asset value (NAV) rose by 5.3% compared 
     to a fall in the benchmark of 0.7% while the share price rose by 8.0%.  All 
     figures are total return.
•    During the period 6.3 million shares were repurchased at a cost of £20.2m 
     enhancing the NAV per share by 0.25%.
•    The final dividend of 2.65p per share was approved at the Annual General 
     Meeting on 1 August 2007 will be paid on 6 August 2007.



       Geographical Analysis of Total Assets                            Top Ten Equity Holdings

Region                           % of     % of total     Name                           % of   % of total
                                total      assets at                                   total    assets at
                            assets at       30/04/07                               assets at     30/04/07
                             31/07/07                                               31/07/07

North America                    23.2           25.2     Baillie Gifford Pacific         8.4          7.5
                                                         Fund
Asia Pacific                     16.8           15.1     Schlumberger                    3.4          2.7
Continental Europe               17.8           13.9     Petrobras                       2.9          2.4
United Kingdom                   13.4           13.9     National Oilwell Varco          2.0          1.5
Japan                            8.3            10.7     EOG Resources                   1.9          2.1
Other Emerging Markets           7.2             5.9     Diamond Offshore Drilling       1.7          1.4
Net liquid assets and bonds      13.3           15.3     Atlas Copco                     1.5          1.8
                                                         POSCO                           1.5          1.2
                                                         Rolls Royce                     1.4           -
                                                         Suncor Energy                   1.4          1.3

Total                           100.0          100.0     Total                           26.1         21.9



                            Total Return Performance


                                                                  %
                               3 Months            1 Year              3 Years              5 Years
Share Price                       8.0               25.5                102.5                109.0
NAV (Par)                         5.3               20.0                 81.0                105.4
Comparative Index                -0.7               12.4                 51.1                68.4

Source: Fundamental Data Ltd.;  Comparative Index is FTSE World Index (sterling
terms).


Past performance is not a guide to future performance

                                          General Information


                                                             31/07/07                  30/04/07
Share Price                                                   321.8p                    300.2p
Total assets (before deduction of  borrowings)              £1,129.3m                 £1,112.4m

Total borrowings (at fair value)                             £160.8m                   £162.7m
Net asset value per share (after deducting                    353.0p                    338.4p
borrowings at fair value)
Discount (borrowings at fair value)                            8.9%                     11.3%
Potential Gearing (borrowings at fair value)                  16.6%                     17.1%
Actual Gearing (borrowings at fair value)                      0.0%                     -0.1%

Total borrowings (at par)                                    £148.6m                   £148.9m
Net asset value per share (after deducting                    357.4p                    343.1p
borrowings at par)
Discount (borrowings at par)                                  10.0%                     12.5%
Potential Gearing ( borrowings at par)                        15.2%                     15.5%
Actual Gearing (borrowings at par)                            -1.2%                     -1.5%





This interim management statement and up to date NAV and share price information
is available on the Managers' website www.bailliegifford.com.





For further information contact:-  Robert O'Riordan on 0131 275 3181


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