Performance at Month End

Merrill Lynch UK Inv Tst PLC
12 February 2001


MERRILL LYNCH UK INVESTMENT TRUST plc
All information is at 31 January 2001 and unaudited.

Performance at month end with net income reinvested
                        One     Three     One     Three        Five
                      Month    months    year     years       years
Net asset value        2.7%      1.3%    7.9%     20.2%       77.6%
Share price            4.5%     13.9%   13.9%      8.9%       57.0%
FTSE All-Share Index   1.6%     -1.2%    4.1%     28.3%       88.5%

At month end
Net asset value*                1246.16p
Share price:                    1131.50p
Discount:                           9.2%
Total assets:                    £215.4m
Net yield:                          2.7%
Gearing:                           22.5%
Effective gearing:                 22.8%
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 2.34p.


UK Sectors                   % Portfolio
Financials                          31.2
Non-Cyclical Services               16.3
Cyclical Services                   16.2
Resources                           11.9
Non-Cyclical Consumer Goods         11.5
General Industrials                  4.5
Utilities                            3.7
Information Technology               3.2
Basic Industries                     1.8
Net current liabilities             (0.3)
                                   _____
Total                              100.0

Ten Largest Equity Investments
Company                    % Investments

GlaxoSmithKline                      7.1
BP Amoco                             6.6
Vodafone                             5.6
HSBC                                 4.7
AstraZeneca                          4.4
Barclays                             4.1
British Telecom                      4.1
Royal Bank of Scotland               2.9
Invensys                             2.9
Prudential                           2.8
                                    ____
Total                               45.2

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).