Net Asset Value(s)

Manchester & London Inv Tst PLC
03 January 2007



MANCHESTER & LONDON INVESTMENT TRUST PLC

VALUATION AS AT 29 DECEMBER 2006



The unaudited N.A.V. per share (based upon bid prices) as at 29 December 2006
was 384.66p



The ten largest investments of the Trust as at the last business day of the
month were:


PZ Cussons
Mouchel Parkman
Standard Chartered
Gazprom
Scottish & Newcastle
Rank
Mecom
Biffa
TDG
Inspace


For enquiries:


Manchester & London Investment Trust Plc - 0161 242 2899

Midas Investment Management Limited - 0161 228 1709








                      This information is provided by RNS
            The company news service from the London Stock Exchange