Portfolio Update

Monks Investment Trust PLC
07 February 2007

                         THE MONKS INVESTMENT TRUST PLC

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



31 January 2007


No      Holding                                                % of Total Assets

1.      Baillie Gifford Pacific C Income                             7.2%
2.      Petrobras                                                    3.0%
3.      Schlumberger                                                 2.5%
4.      EOG Resources                                                2.1%
5.      Baillie Gifford Japanese Smaller C Accumulation              2.0%
6.      Atlas 'A'                                                    1.7%
7.      Investor 'B'                                                 1.5%
8.      Baillie Gifford British Smaller C Income                     1.5%
9.      Diamond Offshore Drilling                                    1.5%
10.     Svenska Handelsbanken                                        1.4%




                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                 7 February 2007


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