Investment Managers Report

Ruffer Investment Company Limited
14 February 2007


                       RUFFER INVESTMENT COMPANY LIMITED



Attached is a link to the monthly Investment Manager's review for January 2007



http://www.rns-pdf.londonstockexchange.com/rns/2511r_-2007-2-14.pdf


Enquiries:


Northern Trust International Fund Administration Services (Guernsey) Limited


Douglas Mackay [phone]



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