Interim Results

EDINBURGH WORLDWIDE INVESTMENT TRUST PLC

Interim Results for the six months to 30 April 2002
                                    
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 rose by 1.7% compared to a rise in
 the MSCI World Index of 2.4%, the trust's benchmark

-Share price rose by 6.0% to 185p

-Interim dividend of 0.50p maintained and to be paid to shareholders
 on 4 July 2002




For further information, please contact:-

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



CHAIRMAN'S STATEMENT

An anaemic economic background and weakness in corporate profits has
been reflected in the returns from global equity markets where little
progress has been made in the past six months.  During the six months to
30 April 2002, the net asset value per share rose by 1.7% to 209.41p and
this compares with the MSCI World Index which rose by 2.4% in sterling
terms, over the same period.  The share price, however, rose by 6.0% to
185p and represented a discount of 11.7% to the net asset value at 30
April 2002.  At the beginning of the period the discount was standing at
15.2%.  The directors have declared an interim dividend of 0.50p per
share, unchanged from last year.  The interim dividend will be paid on 4
July 2002 to share holdings on the register on 14 June 2002.

Portfolio

The shortfall in the net asset value return relative to the benchmark
was attributable to the impact of borrowings and charges to the capital
account.  The underlying equity portfolio performed broadly in line with
the return from the index.

During the period, the main changes to the geographic distribution of
the portfolio were to increase exposure to the Pacific while lowering
the weighting to the USA.  The smaller countries in the Pacific Basin
are expected to be major beneficiaries of the emerging recovery in
global trade and the portfolio's exposure to this area was increased
from 2.8% to 5.6%.  This was financed largely by reducing the US
weighting from 51.9% to 49.9%.  The portfolio's exposure to the other
geographic areas was broadly unchanged with the UK representing 12.5% of
the equity portfolio while Europe and Japan accounted for 19.9% and
10.9% respectively.  In relation to the benchmark index, the portfolio
is overweight in the UK, Japan and the Pacific, underweight to the USA
and neutral to Europe.

At the sector level, the portfolio, compared to the benchmark index, is
overweight to the materials, financial, energy and consumer staples
sectors.  The main underweight positions are to the telecommunications,
industrials, consumer discretionary and technology sectors.  The main
change to the sector strategy during the period was to reduce exposure
to industrial stocks, particularly in the USA, and increase exposure to
energy and consumer staples stocks.

Reflecting the manager's more optimistic outlook for global equity
markets, exposure to equity markets was increased towards the end of the
period and, as at 31 April 2002, the company had 111.6% of shareholders'
funds, net of various index futures, invested in equity markets (31
October 2001 - 107.1%).

Outlook

The moves by central bankers in 2001 to cut interest rates to stimulate
economic activity appear to be having some effect.  The rebound in
economic growth in the USA in the first quarter to 5.6% was an
encouraging early signal and further signs of momentum in the global
economy are evident in rising trade volumes in the Far East.  So far,
however, this improving economic background has not manifested itself
into higher corporate profits which continue to disappoint investors in
many industries.  The high profile failure of Enron, the bankruptcy of
Kmart plus the debt related problems of many of the world's
telecommunications companies have also combined to depress investor
sentiment.

The economic background for equity investment however is improving with
early signs of increased economic activity, inflation under control and
interest rates at low levels.   Investors will only become more
confident about equity markets if there is evidence that a recovery in
corporate profits is underway.  If economic momentum continues to build
through the remainder of this year, corporate profits will recover,
albeit modestly, and this should lead to higher equity prices.


David Coltman
Chairman
STATEMENT OF TOTAL RETURN
for the period ended 30 April 2002(unaudited)
                                              Revenue   Capital    Total
                                                 £000      £000     £000
Realised losses on investments                      -   (6,589)  (6,589)
Unrealised gains on investments                     -     9,549    9,549
Foreign exchange losses                             -     (280)    (280)
Investment income                                 887         -      887
Interest receivable                               323         -      323
Other income                                        -         -        -
Investment management fee                        (72)     (406)    (478)
Administrative expenses                         (153)         -    (153)
                                              _______   _______  _______
Net return before finance costs and taxation      985     2,274    3,259
Interest payable                                (190)     (986)  (1,176)
                                              _______   _______  _______
Return   on   ordinary   activities   before      795     1,288    2,083
taxation
Taxation                                        (168)        84     (84)
                                              _______   _______  _______
Return attributable to equity shareholders        627     1,372    1,999
Dividend in respect of equity shares            (245)         -    (245)
                                              _______   _______  _______
                                                  382     1,372    1,754
                                              _______   _______  _______
                                                                        
Return per ordinary share                       1.28p     2.79p    4.07p
                                              _______   _______  _______
                                                                        
________________________________________________________________________
___________
for the period ended 30 April 2001(unaudited)
                                            Revenue    Capital     Total
                                               £000       £000      £000
Realised losses on investments                    -    (3,472)   (3,472)
Unrealised losses 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    1,239   (17,455)  (16,216)
taxation
Interest payable                              (171)      (967)   (1,138)
                                            _______    _______   _______
Return   on  ordinary  activities   before    1,068   (18,422)  (17,354)
taxation
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 year ended 31 October 2001 (audited)
                                          Revenue     Capital      Total
                                             £000        £000       £000
Realised losses on investments                  -    (18,126)   (18,126)
Unrealised losses on investments                -    (33,178)   (33,178)
Foreign exchange gains                          -         694        694
Investment income                           2,069           -      2,069
Interest receivable                           954           -        954
Other income                                   14           -         14
Investment management fee                   (165)       (937)    (1,102)
Administrative expenses                     (387)           -      (387)
                                          _______     _______    _______
Net  return  before  finance  costs  and    2,485    (51,547)   (49,062)
taxation
Interest payable                            (350)     (1,981)    (2,331)
                                          _______     _______    _______
Return  on  ordinary  activities  before    2,135    (53,528)   (51,393)
taxation
Taxation                                    (515)         282      (233)
                                          _______     _______    _______
Return     attributable    to     equity    1,620    (53,246)   (51,626)
shareholders
Dividend in respect of equity shares      (1,274)           -    (1,274)
                                          _______     _______    _______
                                              346    (53,246)   (52,900)
                                          _______     _______    _______
                                                                        
Return per ordinary share                   3.31p   (108.65p)  (105.34p)
                                          _______     _______    _______
                                                                        

BALANCE SHEET  (unaudited)
                                          At 30        At 31       At 30
                                          April      October       April
                                           2002         2001        2001
                                           £000         £000        £000
Fixed assets                                                            
Investments                             122,789      120,499     158,581
Investment property                         110          120         180
                                        _______      _______     _______
                                        122,899      120,619     158,761
                                        _______      _______     _______
                                                                        
Current assets                           21,937       25,720      20,926
Current liabilities                     (1,110)      (3,950)     (1,685)
                                        _______      _______     _______
Net current assets                       20,827       21,770      19,241
                                        _______      _______     _______
                                                                        
Total     assets    less     current    143,726      142,389     178,002
liabilities
Creditors:  falling due  after  more   (41,104)     (41,521)    (41,931)
than one year
                                        _______      _______     _______
                                        102,622      100,868     136,071
                                        _______      _______     _______
                                                                        
Capital and reserves                                                    
Called up share capital - equity          2,450        2,450       2,450
Reserves                                100,172       98,418     133,621
                                        _______      _______     _______
Total equity shareholders' funds        102,622      100,868     136,071
                                        _______      _______     _______
                                                                        
Net asset value per ordinary share      209.41p      205.84p     277.67p

CASHFLOW STATEMENT

                               For 6 months   For 6 months      For year
                                      ended          ended         ended
                                   30 April       30 April    31 October
                                       2002           2001          2001
                                       £000           £000          £000
                                                                        
Net cash inflow from                    393            427         1,546
operating activities

Net cash outflow from               (1,195)        (1,174)       (2,356)
servicing of finance

Total tax paid                        (105)           (90)         (196)

Net cash (outflow)/inflow           (1,333)        (3,082)         1,677
from financial investment

Equity dividends paid               (1,029)          (833)       (1,078)
                                    _______        _______       _______
Net cash outflow before             (3,269)        (4,752)         (407)
financing

Management of liquid                  2,996          (525)       (3,402)
resources
                                                                        
                                    _______        _______       _______
DECREASE IN CASH                      (273)        (5,277)       (3,809)
                                    _______        _______       _______
                                                                        



NOTES :
1.    The same accounting policies used for the year to 31 October  2001
have been applied.

2.    The directors have declared an interim dividend of 0.5p to be paid
on  4 July 2002 to shareholders on the register at the close of business
on 14 June 2002. The ex-dividend date is 12 June 2002.

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 2001 have been delivered to the Registrar of Companies  and
contained an unqualified auditors' report.

4. The Interim Report will be posted to shareholders on 20 June 2002 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