Interim Management Statement

Investment Company PLC
17 July 2007




17 July 2007


The Investment Company plc


Interim Management Statement - for 3 month period to 30 June 2007



Further rises in short term interest rates have recently been reflected in a
similar movement at the long end of the bond market.  As a result liquid issues
of preference shares have seen market prices ease a little.  Our portfolio is
virtually unaffected since we have a large spread of individually illiquid
holdings.  Nevertheless we are unlikely to see capital appreciation in the short
term outside of redemptions or similar corporate activity.



Enquiries:



S. J. Cockburn - 020 7448 4715


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