Portfolio Update

Monks Investment Trust PLC
04 August 2006



                         THE MONKS INVESTMENT TRUST PLC

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



31 July 2006


No      Holding                                              % of Total Assets

1.      Baillie Gifford Pacific C Income                                6.8%
2.      Petrobras                                                       3.1%
3.      Suncor Energy                                                   2.7%
4.      Encana                                                          2.7%
5.      EOG Resources                                                   2.4%
6.      Credit Suisse 0% Swap Rate Linked Note 2013                     2.2%
7.      Sasol                                                           1.9%
8.      Baillie Gifford Japanese Smaller C Accumulation                 1.4%
9.      Mitsubishi UFJ Financial Group                                  1.3%
10.     Investor 'B'                                                    1.3%




                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                   4 August 2006



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