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Murray Inc Trust PLC (MUT)

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Friday 19 October, 2007

Murray Inc Trust PLC

Interim Management Statement

Murray Income Trust PLC
19 October 2007

Murray Income Trust PLC
Interim Management Statement - 3 months to 30 September 2007


To the members of Murray Income Trust PLC

This interim management statement has been produced solely to provide additional
information to shareholders as a body to meet the relevant requirements of the
UK Listing Authority's Disclosure and Transparency Rules. It should not be
relied upon by any other party or for any other purpose.

This interim management statement relates to the period from 1 July 2007 to 30
September 2007, and contains information that covers this period, and up to the
date of publication of this interim management statement, unless otherwise
specified.

Investment objective

To achieve a high and growing income combined with capital growth through
investment in a portfolio of UK equities.

Benchmark

FTSE All-Share Index, formerly FTSE 350 Higher Yield Index to 30 June 2004

Material events

On 28 September 2007, the Company posted its annual report and accounts to 30
June 2007, and Notice of Annual General Meeting, to shareholders.  The Company's
Annual General Meeting will be held at the Glasgow Royal Concert Hall, 2
Sauchiehall Street, Glasgow G2 3NY at 12.30 pm on 30 October 2007.

Material transactions from 1 July to 18 October 2007

At the close of business on 18 October 2007, the Company had portfolio
protection in the form of two discrete put options.  The first, taken out on 27
July, protects approximately 9.1% of the portfolio at a strike level of 5925 for
the FTSE 100 Index until 21 December 2007, while the second, taken out on 12
October, protects approximately 9.5% of the portfolio at a strike level of 6350,
also for the FTSE 100 Index, until 18 April 2008.  At 18 October 2007, the
value of the first and second option represented 0.08% and 0.33% respectively of
the Company's Gross Assets.







Twenty largest equity holdings at 30 September 2007
                                       % of net assets
Royal Dutch Shell 'B'                              5.6
BP                                                 5.1
HSBC                                               4.7
Royal Bank of Scotland                             3.5
Barclays                                           3.2
GlaxoSmithKline                                    3.2
Lloyds TSB                                         2.8
British American Tobacco                           2.8
Centrica                                           2.7
Aviva                                              2.6
Vodafone                                           2.5
BT                                                 2.5
National Grid                                      2.4
AstraZeneca                                        2.4
Rio Tinto                                          2.4
Anglo American                                     2.4
AMEC                                               2.0
Friends Provident                                  1.8
EMAP                                               1.8
Segro                                              1.8
Total                                             58.2
Total number of investments                       53.0


Sector allocation as at 30 September 2007
                                          %
Financials                             28.6
Consumer Goods                         15.8
Consumer Services                      12.3
Oil & Gas                              11.9
Industrials                             8.1
Telecommunications                      6.9
Healthcare                              5.6
Utilities                               5.5
Basic Materials                         4.8
Cash                                    0.5
Total                                 100.0


General description of Company's financial position and performance as at 30
September 2007


                                                     £m
Gross Assets                                         525.3
Short term borrowings                                35.0

Actual gearing                                       7.0%



Cumulative performance (%)*
                                as at      1 month     3 months     6 months    1 year   3 years   5 years
                           30/09/2007

Share Price                     697.0         -0.4          1.4         -0.8       9.1      72.4     133.0
NAV                             752.8          0.8         -3.1          0.5       9.4      63.7     121.5
FTSE All-Share                                 1.9         -1.8          2.7      12.2      60.6     117.0
FTSE 350 Higher Yield                          0.9         -3.4          2.3       8.3      51.3     110.1


Discrete performance (%)*
                                         30/09/2007  30/09/2006  30/09/2005  30/09/2004  30/09/2003
Share Price                                     9.1        17.4        34.6        12.8        19.8
NAV                                             9.4        17.4        27.5        21.3        11.6
FTSE All-Share                                 12.2        14.7        24.9        15.7        16.7
FTSE 350 Higher Yield                           8.3        12.2        24.6        20.5        15.2



Total Return; NAV to NAV net income reinvested.  GBP.  Share price total return
is on a mid-to-mid basis.

Dividend calculations are to reinvest as at the ex-dividend date.

Source: Aberdeen Asset Managers Limited, Factset, Financial Times and
Fundamental Data


Other than as set out above, the Board is not aware of any significant events or
transactions which have occurred between 30 September 2007 and the date of
publication of this interim management statement which would have a material
impact on the financial position of the Company. For latest performance
information, please refer to the Company's website, www.murray-income.co.uk.



Please note that past performance is not necessarily a guide to the future and
that the value of investments and the income from them may fall as well as rise.
Investors may not get back the amount they originally invested.


For Murray Income Trust PLC
Aberdeen Asset Management PLC, Secretary
19 October 2007


                      This information is provided by RNS
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