Final Results

Edinburgh Worldwide Inv Trust PLC
5 December 2000


                     EDINBURGH WORLDWIDE Investment trust PLC


               Preliminary Results for the year to 31 October 2000

                - EWIT outperforms MSCI World Index by 2.8% -




The investment objective of the company is to achieve long-term capital growth
in excess of the capital return (in sterling terms) of the Morgan Stanley
Capital International World Index by investing in stock markets throughout the
world.

  * EWIT outperformed its benchmark by 2.8%: net asset value per share
    increased by 15.9% to 313.78p, which was above the MSCI World Index which
    rose by 13.1% in sterling terms.

  * The share price increased by 26% to 270p.

  * The discount narrowed by 6.9% over the period to 14.0%.

  * A final dividend of 1.70p will be paid to shareholders, subject to
    shareholder approval, on 6 February 2001.

  * Looking forward, a renewed interest in global equities is expected in
    2001.


    Ends

    For further information, please contact:-

Ian Massie  Director,


    Edinburgh Fund Managers plc   0131 313 1000

    Lucy Copeman /

    Louise Johnstone     Polhill Communications   020 7369 9333



Chairman's Statement

I am pleased to report that for the twelve months to 31 October 2000 the net
asset value per share increased by 15.9% to 313.78p which compares with a rise
of the MSCI World Index of 13.1% in sterling terms over the same period. This
outperformance against our benchmark was attributable to good stock selection
with most geographic segments of the portfolio producing returns ahead of the
relevant index. It is also encouraging to report that in the last two
financial years the net asset value has risen by 55% compared to the index
return of 42%.

The share price rose by 26% to 270p and represented a discount of 14.0% to net
asset value at 31 October 2000 - this is a significant improvement from the
discount of 20.9% prevailing at the end of the previous financial year. While
it is difficult to determine accurately the factors that influence the
discount, I believe that a combination of consistent investment performance
and increased marketing effort has influenced it, particularly in the long
run.

Revenue

The revenue return for the year amounted to 2.12p per share (1999 : 2.80p) and
the board is recommending a final dividend of 1.70p which will be paid on 6
February 2001 to shareholders on the register on 8 January 2001. When combined
with the interim dividend of 0.50p, the total dividend paid for the year will
amount to 2.20p, unchanged from 1999. The reduction in the revenue return from
the previous year was attributable to a fall in interest receivable resulting
from holding lower cash balances and an increase in the performance fee
payable to the manager.

In recognition of increased weightings by global stockmarkets to growth
sectors and increased emphasis on capital growth, the board has decided to
revise the allocation of management fees and finance costs between revenue and
capital. Previously such fees have been allocated in the ratio 25% to revenue
and 75% to capital, however, with effect from 1 November 2000, this ratio has
been changed to 15% and 85% respectively.

Marketing

The AITC's 'its' marketing campaign appears to have been successful in
increasing investors' awareness of the attractions of investment trusts. The
company is contributing £53,000 per annum over a three year period to 2002 to
this campaign and, as mentioned earlier, the board is encouraged that there
has been a reduction in the discount to net assets over the past year.

The board continues to promote the company through the manager's marketing
initiative which provides a series of savings schemes through which investors
can invest in Edinburgh Worldwide in a low cost and convenient manner. The
company's contribution to this initiative in the past year was £44,000. Up to
date information about the company and the savings products are available on
the manager's website, www.edfd.com.

Share Buy Backs

Shareholders have given the board the authority to purchase the company's
shares for cancellation. The board intends to use this authority when there is
an imbalance between the supply of and demand for the company's shares and a
buyback would enhance the net asset value per share for continuing
shareholders. The company did not repurchase any of its shares in the period
to 31 October 2000. A special resolution proposing an extension of this
facility will be put to shareholders at the Annual General Meeting.

Borrowings

The company's borrowings are used to increase the company's exposure to
equities and thereby enhance the net asset value in periods of rising markets.
The use of borrowings, or gearing, had a positive impact on the net asset
value in the year and the company had 112.1% of shareholders' funds invested
in UK equities at 31 October 2000 (1999 : 109.8%).

Prospects

Higher interest rates in North America and Western Europe are having the
desired effect of slowing down the pace of global growth and reducing the risk
of higher inflation. Global equities however have struggled to make any
progress in this environment in recent months as forecasts for corporate
profits have been lowered. Looking forward, interest rates are expected to
fall in 2001 and this combined with a continuation of economic growth and low
inflation, should lead to renewed interest in global equities in the months
ahead.

Annual General Meeting

The Annual General Meeting will return to Discovery Point, Dundee on Thursday
1 February 2001. I look forward to welcoming shareholders there.



David Coltman, Chairman

STATEMENT OF TOTAL RETURN

for the year ended 31 October 2000 (audited)
                                                  Revenue    Capital      Total
                                                     £000       £000       £000
Realised gains on investments                          -     20,942     20,942
Unrealised gains on investments                        -      4,961      4,961
Foreign exchange losses                                -     (1,953)    (1,953)
Investment income                                  1,724          -      1,724
Interest receivable                                  961          -        961
Other income                                          28          -         28
Investment management fee                           (406)    (1,218)    (1,624)
Administrative expenses                             (375)         -       (375)
                                                    _____      _____      _____
Net return before finance costs and taxation       1,932     22,732     24,664
Interest payable and similar charges                (588)    (1,763)    (2,351)
                                                    _____      _____      _____
Return on ordinary activities before taxation      1,344     20,969     22,313
Taxation                                            (303)       119       (184)
                                                    _____      _____      _____
Return attributable to equity shareholders         1,041     21,088     22,129
Dividend in respect of equity shares              (1,078)         -     (1,078)
                                                    _____      _____      _____
                                                     (37)    21,088     21,051
                                                    _____      _____      _____
Return per ordinary share                           2.12p     43.03p     45.15p
                                                    _____      _____      _____




STATEMENT OF TOTAL RETURN

for the year ended 31 October 1999 (audited)
                                                  Revenue    Capital      Total
                                                     £000       £000       £000
Realised gains on investments                          -      7,914      7,914
Unrealised gains on investments                        -     27,714     27,714
Foreign exchange losses                                -        (12)       (12)
Investment income                                  1,703          -      1,703
Interest receivable                                1,227          -      1,227
Other income                                          26          -         26
Investment management fee                           (271)      (814)    (1,085)
Administrative expenses                             (303)         -       (303)
                                                    _____      _____      _____
Net return before finance costs and taxation       2,382     34,802     37,184
Interest payable and similar charges                (568)    (1,679)    (2,247)
                                                    _____      _____      _____
Return on ordinary activities before taxation      1,814     33,123     34,937
Taxation                                            (443)       274       (169)
                                                    _____      _____      _____
Return attributable to equity shareholders         1,371     33,397     34,768
Dividend in respect of equity shares              (1,078)         -     (1,078)
                                                    _____      _____      _____
                                                     293     33,397     33,690
                                                    _____      _____      _____
Return per ordinary share                           2.80p     68.15p     70.95p
                                                    _____      _____      _____


BALANCE SHEET (audited)
                                           At 31 October         At 31 October
                                                    2000                  1999
                                                    £000                  £000
Fixed assets
Investments                                     172,329               145,717
Investment property                                 180                   180
                                                   _____                 _____
                                                172,509               145,897
                                                   _____                 _____

Current assets                                   27,823                29,332
Current liabilities                              (4,613)               (2,839)
                                                   _____                 _____
Net current assets                               23,210                26,493
                                                   _____                 _____

Total assets less current liabilities           195,719               172,390
Creditors: falling due after more than          (41,951)              (39,673)
one year
                                                   _____                 _____
                                                153,768               132,717
                                                   _____                 _____

Capital and reserves
Called up share capital - equity                  2,450                 2,450
Reserves                                        151,318               130,267
                                                   _____                 _____
Total equity shareholders' funds                153,768               132,717
                                                   _____                 _____

Net asset value per ordinary share               313.78p               270.83p


CASHFLOW STATEMENT (audited)
                                          For the year ended For the year ended
                                            31 October 2000    31 October 1999
                                                       £000               £000

Net cash inflow from operating activities               700              1,643
Net cash outflow from servicing of                   (2,256)            (2,277)
finance
Total tax paid                                         (213)              (249)
Net cash inflow from financial investment               352             (7,094)
Equity dividends paid                                (1,078)              (367)
                                                       _____              _____
Net cash outflow before financing                    (2,495)            (8,344)
Management of liquid resources                        7,372             (5,842)
                                                       _____              _____
INCREASE IN CASH                                      4,877            (14,186)
                                                       _____              _____


NOTES :


        1.     The accounts have been prepared in accordance with the
        Statement of Recommended Practice 'Financial Statements of Investment
        Trust Companies'. The accounts are prepared under the same accounting
        policies used for the year to 31 October 1999 except for the reporting
        of investment income. Dividends received from UK companies are now
        reported net of the tax credit and therefore the figures in relation
        to 1999 have been restated.

        2.     The directors propose that a dividend of 1.70p be paid to
        shareholders on the register at the close of business on 8 January
        2001. The ex-dividend date is 2 January 2001 and, subject to
        shareholder approval, the dividend will be paid on 6 February 2001.

        3.     The financial information for the period ended 31 October 1999
        has been extracted from the 1999 Annual Report and Accounts of the
        company which have been filed with the Registrar of Companies and
        contained an unqualified auditors' report. The statement of total
        return and the balance sheet set out above do not represent full
        statutory accounts in accordance with Section 240 of the Companies Act
        1985. The statutory accounts for 2000 contain an unqualified auditors'
        report and will be delivered to the Registrar of Companies following
        the company's Annual General Meeting which will be held at Discovery
        Point, Dundee on Thursday, 1 February 2001 at 12.00 noon.

        4.     The Annual Report will be posted to shareholders on 21 December
        2000 and copies will be available from the registered office.


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 and may be affected by exchange rate movements. Investors may not get
back the amount they originally invested.



For Edinburgh Worldwide Investment Trust plc

Edinburgh Fund Managers plc, Secretary