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Murray Inc Trust PLC (MUT)

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Friday 18 April, 2008

Murray Inc Trust PLC

Interim Management Statement

Murray Income Trust PLC
18 April 2008



Murray Income Trust PLC
Interim Management Statement - 3 months to 31 March 2008


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 31 December 2007 to
31 March 2008, 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


Material events
On 28 February 2008, the Company posted its interim report, for the six months
to 31 December 2007, to shareholders.  A first interim dividend of 5.25p per
ordinary share for the year to 30 June 2008 was paid on 18 January 2008 to
shareholders on the register at the close of business on 14 December 2007. A
second interim dividend of 5.25p per ordinary share was paid on 18 April 2008 to
shareholders on the register at the close of business on 14 March 2008.


Material transactions from 31 December 2007 to 17 April 2008
During the period, the duration of the existing put protection was extended such
that, at the close of business on 17 April 2008, the Company had portfolio
protection in the form of one put option. The option protects approximately 4.3%
of the portfolio at a strike level of 5725, for the FTSE 100 Index, until 19
September 2008.  At 17 April 2008, the value of the option represented 0.17% of
the Company's Gross Assets.



Twenty largest equity holdings at 31 March 2008

                                       % of net assets
Royal Dutch Shell 'B'                              5.0
BP                                                 4.7
HSBC                                               4.4
Vodafone                                           3.5
British American Tobacco                           3.2
BT                                                 3.1
GlaxoSmithKline                                    3.0
Barclays                                           2.8
Royal Bank of Scotland                             2.7
Lloyds TSB                                         2.6
AstraZeneca                                        2.6
Aviva                                              2.5
Ladbrokes                                          2.4
National Grid                                      2.4
Centrica                                           2.4
Anglo American                                     2.3
Segro                                              2.3
Arriva                                             2.2
GKN                                                2.1
Land Securities                                    2.1
Total                                             58.3
Total number of investments                         50





Sector allocation as at 31 March 2008
                                                     %
Financials                                        27.0
Consumer Services                                 17.0
Consumer Goods                                    14.2
Oil & Gas                                         10.9
Industrials                                        7.9
Telecommunications                                 6.4
Healthcare                                         5.4
Utilities                                          4.7
Basic Materials                                    3.9
Cash                                               2.6
Total                                            100.0



General description of Company's financial position and performance as at 31
March 2008


                                                     £m
Gross Assets                                         464.6
Short term borrowings                                40.0

Actual gearing                                       9.0%





Cumulative performance (%)*
                                as at     1 month     3 months     6 months    1 year   3 years   5 years
                           31/03/2008
Share Price                     613.0         0.0         -3.7        -10.6     -11.3      31.7     106.8
NAV                             655.2        -1.9        -11.5        -11.7     -11.2      28.1     100.4
FTSE All-Share                               -2.1         -9.9        -10.2      -7.7      31.3      98.7
FTSE 350 Higher Yield                        -1.6        -12.8        -14.2     -12.2      19.1      85.1



Discrete performance (%)*
                                         31/03/2008  31/03/2007  31/03/2006  31/03/2005  31/03/2004
Share Price                                   -11.3        11.6        33.1        27.5        23.2
NAV                                           -11.2        11.1        29.8        21.9        28.4
FTSE All-Share                                 -7.7        11.1        28.0        15.6        31.0
FTSE 350 Higher Yield                         -12.2         7.7        26.0        18.6        31.0



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. NAV returns
based on NAVs with debt valued at par.

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



Other than as set out above, no significant events or transactions have occurred
between 31 March 2008 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
18 April 2008


                      This information is provided by RNS
            The company news service from the London Stock Exchange