Interim Results

Edinburgh Worldwide Inv Trust PLC
5 June 2001


5 June 2001



                   EDINBURGH WORLDWIDE INVESTMENT TRUST PLC
              Interim Results for the six months to 30 April 2001

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 stockmarkets throughout the
world.

*        Net asset value (NAV) per share fell by 11.5% compared to a fall in
         the MSCI World Index of 9.9%, the trust's benchmark

*        Share price fell by 8.5% to 247p

*        Interim dividend of 0.50p maintained and to be paid to shareholders
         on 6 July 2001

*        Stronger economic growth and increased interest in global equities
         forecast before the end of this year

For further information, please contact:-

Iain Beattie, Director, Edinburgh Fund Managers plc          0131 313 1000


CHAIRMAN'S STATEMENT

In a difficult period for global equity markets, the company gave back some of
the excellent performance recorded in recent years.  For the six months to 30
April 2001, the net asset value per share fell by 11.5% to 277.7p and this
compares with the MSCI World Index which fell by 9.9% in sterling terms over
the same period.  The share price fell by 8.5% to 247p and represented a
discount of 11.1% to the net asset value at 30 April 2001.  A year ago the
discount was standing at 22.9%.

Portfolio

Global equity markets were pulled lower as investors became increasingly
concerned about the deterioration in corporate profits.  The rapid slowdown in
the US economy and the accompanying liquidation of inventories caused many
companies to report profits that were well below earlier expectations.  These
developments were felt most keenly in the technology sector and the impact on
share prices is best illustrated by the performance of the technology
dominated NASDAQ Composite Index which fell by 36.3% in sterling terms over
the period.

The shortfall in performance of the net asset value relative to the benchmark
was attributable largely to the impact of borrowings and capital charges which
contributed 1.8% of the under performance with 0.5% attributable to the
under-lying equity portfolio.  Disappointing returns from the company's UK
holdings accounted for a large part of the shortfall from the equity
portfolio.

During the six months, the main changes to the geographic distribution of the
portfolio were to increase exposure to Japan while lowering the weighting to
the USA.  Exposure to Japan was increased from 10.4% to 12.7% and this was
financed by reducing the US weighting from 53.1% to 50.4%.  The portfolio's
exposure to the other geographic areas was broadly unchanged with the UK
representing 12.1% of the equity portfolio while Europe, the Pacific Basin and
Latin America accounted for 20.5%, 2.3% and 2.0% respectively.  In relation to
the benchmark index, the portfolio is overweight in the UK and Japan,
underweight in the USA and Europe and broadly neutral in the other areas.

At sector level, the portfolio is overweight to the energy, materials,
healthcare and financial sectors.  The main underweight positions are to the
industrial, consumer discretionary, consumer staples, technology and
telecommunication sectors.  Over the period, the cyclical exposure of the
portfolio was increased at the expense of defensive stocks in the consumer
staples and utilities sectors.

Following the sharp fall in the equity markets, additional funds were invested
in equities towards the end of the period and this decision increased the
level of gearing from 12.1% at 31 October 2001 to 16.5% at the end of the
period under review.

Revenue

The revenue return for the period amounted to 1.65p per share (2000 - 0.8p).
This increase from the previous year was attributable to the revised
allocation of management fees and finance costs between revenue and capital
which was outlined in last year's annual report.  The directors have declared
an interim dividend of 0.50p per share, unchanged from last year.  The interim
dividend will be paid on 6 July 2001 to shareholders on the register on 15
June 2001.

Outlook

The significant cuts in US interest rates so far this year provide both an
indication of the severity of the slowdown in economic growth but also the
steps the US monetary authorities are prepared to take to prevent the slowdown
developing into a more damaging situation.  The cuts in US interest rates have
also been followed by moves to easier monetary policies in Japan, the UK and
latterly Europe.  These actions, plus cuts in personal taxation in the US and
some other countries, are expected to lead to stronger economic growth and
increased interest in global equities before the end of this year.


David Coltman
Chairman


STATEMENT OF TOTAL RETURN
for the period ended 30 April 2001(unaudited)
                                                 Revenue    Capital      Total
                                                    £000       £000       £000
Realised losses on investments                        -     (3,472)    (3,472)
Unrealised losses on investments                      -    (13,840)   (13,840)
Foreign exchange gains                                -        357        357
Investment income                                   977          -        977
Interest receivable                                 551          -        551
Other income                                         14          -         14
Investment management fee                           (88)      (500)      (588)
Administrative expenses                            (215)         -       (215)
                                                 -------    -------    -------
Net return before finance costs and taxation      1,239    (17,455)   (16,216)
Interest payable                                   (171)      (967)    (1,138)
                                                 -------    -------    -------
Return on ordinary activities before taxation     1,068    (18,422)   (17,354)
Taxation                                           (258)       160        (98)
                                                 -------    -------    -------
Return attributable to equity shareholders          810    (18,262)   (17,452)
Dividend in respect of equity shares               (245)         -       (245)
                                                 -------    -------    -------
                                                    565    (18,262)   (17,697)
                                                 -------    -------    -------

Return per ordinary share                          1.65p   (37.26p)   (35.61p)
                                                 -------    -------    -------

________________________________________________________________________________

for the period ended 30 April 2000(unaudited)
                                                  Revenue   Capital     Total
                                                     £000      £000      £000
Realised gains on investments                          -    11,661    11,661
Unrealised gains on investments                        -    15,069    15,069
Foreign exchange losses                                -      (397)     (397)
Investment income                                    679         -       679
Interest receivable                                  450         -       450
Other income                                          13         -        13
Investment management fee                           (199)     (596)     (795)
Administrative expenses                             (175)        -      (175)
                                                  -------   -------   -------
Net return before finance costs and taxation         768    25,737    26,505
Interest payable                                    (279)     (836)   (1,115)
                                                  -------   -------   -------
Return on ordinary activities before taxation        489    24,901    25,390
Taxation                                             (95)       25       (70)
                                                  -------   -------   -------
Return attributable to equity shareholders           394    24,926    25,320
Dividend in respect of equity shares                (245)        -      (245)
                                                  -------   -------   -------
                                                     149    24,926    25,075
                                                  -------   -------   -------

Return per ordinary share                           0.80p    50.87p    51.67p
                                                  -------   -------   -------

________________________________________________________________________________



for the period 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                                    (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    22,051
                                                  -------   -------   -------

Return per ordinary share                           2.12p    43.03p    45.15p
                                                  -------   -------   -------




BALANCE SHEET  (unaudited)
                                     At 30 April   At 31 October  At 30 April
                                             2001           2000          2000
                                             £000           £000          £000
Fixed assets
Investments                              158,581        172,329       173,672
Investment property                          180            180           180
                                          -------        -------       -------
                                         158,761        172,509       173,852
                                          -------        -------       -------

Current assets                            20,926         27,823        24,878
Current liabilities                       (1,685)        (4,613)       (1,075)
                                          -------        -------       -------
Net current assets                        19,241         23,210        23,803
                                          -------        -------       -------

Total assets less current                178,002        195,719       197,655
liabilities
Creditors: falling due after more        (41,931)       (41,951)      (39,863)
than one year

                                          -------        -------       -------
                                         136,071        153,768       157,792
                                          -------        -------       -------

Capital and reserves
Called up share capital - equity           2,450          2,450         2,450
Reserves                                 133,621        151,318       155,342
                                          -------        -------       -------
Total equity shareholders' funds         136,071        153,768       157,792
                                          -------        -------       -------

Net asset value per ordinary share        277.67p        313.78p       322.00p




CASHFLOW STATEMENT


                                         For 6 months For 6 months    For year
                                               ended        ended       ended

                                             30 April     30 April  31 October
                                                2001         2000        2000
                                                £000         £000        £000

Net cash inflow from operating                   427           16         700
activities

Net cash outflow from servicing of            (1,174)      (1,099)     (2,257)
finance

Total tax paid                                   (90)         (44)       (214)

Net cash (outflow)/inflow from financial      (3,082)        (433)        354
investment

Equity dividends paid                           (833)        (833)     (1,078)
                                              -------      -------     -------
Net cash outflow before financing             (4,752)      (2,393)     (2,495)

Net cash (outflow)/inflow from
management of liquid resources                  (525)       6,023       7,372

                                              -------      -------     -------
(DECREASE)/INCREASE IN CASH                   (5,277)       3,630       4,877
                                              -------      -------     -------

NOTES:

1.              The same accounting policies used for the year to 31 October
2000 have been applied. With effect from 1 November 2000, 85% of the
investment management fee and relevant finance costs have been allocated to
capital reserve.

2.              The directors have declared an interim dividend of 0.5p to be
paid on 6 July 2001 to shareholders on the register at the close of business
on 15 June 2001. The ex-dividend date is 13 June 2001.

3.         The statement of total return, balance sheet and the cashflow
statement set out above do not represent full statutory accounts in accordance
with Section 240 of the Companies Act 1985. The statutory accounts for 2000
have been delivered to the Registrar of Companies and contained an unqualified
auditors' report.

4.         The Interim Report will be posted to shareholders on 18 June 2001
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

David Holland

Deputy Group Company Secretary

END