Net Asset Value(s)

Manchester & London Inv Tst PLC
02 November 2006


MANCHESTER & LONDON INVESTMENT TRUST PLC


VALUATION AS AT 31 OCTOBER 2006





The unaudited N.A.V. per share (based upon bid prices) as at 31 October 2006 was
359.53p






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



Cash deposits

PZ Cussons

Mouchel Parkman

Gazprom

Standard Chartered

Scottish & Newcastle

Rank

UK Gilts

Biffa

TDG





For enquiries:


Manchester & London Investment Trust Plc - 0161 242 2899


Midas Investment Limited - 0161 228 1709








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