Portfolio Update

Monks Investment Trust PLC
07 November 2006

                         THE MONKS INVESTMENT TRUST PLC
   Statement of Top Ten Investments and all Holdings Over 5% of Total Assets



31 October 2006


No      Holding                                                               % of Total Assets

1.      Baillie Gifford Pacific C Income                                             6.9%
2.      Petrobras                                                                    2.9%
3.      Encana                                                                       2.3%
4.      Schlumberger                                                                 2.2%
5.      EOG Resources                                                                2.1%
6.      Baillie Gifford Japanese Smaller C Accumulation                              2.1%
7.      Sasol                                                                        1.7%
8.      Atlas 'A'                                                                    1.5%
9.      Investor 'B'                                                                 1.5%
10.     Baillie Gifford British Smaller C Income                                     1.4%





                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                 7 November 2006



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