Performance at Month End

Merrill Lynch UK Inv Tst PLC
9 January 2001


MERRILL LYNCH UK INVESTMENT TRUST plc
All information is at 29th December 2000 and unaudited

Performance at month end with net income reinvested
                        Three     One     Three        Five
                       months    year     years       years
Net asset value          1.1%   -5.9%     23.0%       77.8%
Share price              5.7%   -2.8%      8.9%       56.9%
FTSE All-Share Index    -1.1%   -5.9%     32.9%       89.9%

At month end
Net asset value*                1213.41p
Share price:                    1082.50p
Discount:                          10.8%
Total assets:                    £210.8m
Net yield:                          2.8%
Gearing:                           23.2%
Effective gearing:                 23.3%
Value of debt:                    £40.0m
Ordinary shares in issue:     14,093,562
(There were no shares repurchases during the month)
*Includes current year net revenue of 4.43p


UK Sectors                   % Portfolio
Financials                          36.1
Non-Cyclical Services               16.3
Cyclical Services                   14.1
Resources                           13.5
Non-Cyclical Consumer Goods         12.1
Utilities                            3.6
Information Technology               2.6
Basic Industries                     1.4
General Industrials                  0.4
Net current liabilities             (0.1)
                                   _____
Total                              100.0

Ten Largest Equity Investment
Company                    % Investments

BP Amoco                             6.2
AstraZeneca                          5.9
Vodafone                             5.8
GlaxoSmithKline                      5.1
HSBC                                 4.4
British Telecom                      4.2
Royal & Sun Alliance                 3.0
Prudential                           2.9
Royal Bank of Scotland               2.9
Shell Transport & Trading            2.7
                                    ____
Total                               43.1

Sources: Merrill Lynch Investment Managers, Standard & Poor's Micropal
Latest information is available by typing www.mlim.co.uk/its on the internet,
'MLIMINDEX' on Reuters, 'MLIM' on Bloomberg or '8800' on Topic 3 (ICV
terminal).
8th January 2000