Interim Management Statement

Mid Wynd Inter Inv Trust PLC
05 October 2007

                  MID WYND INTERNATIONAL INVESTMENT TRUST PLC

          Interim Management Statement - 3 months to 30 September 2007

Mid Wynd's objective is to achieve capital and income growth by investing on a
worldwide basis.

The proportion of the portfolio invested in British companies will not normally
exceed a quarter.  Owing to its size, the Company is able to include small
companies and markets in its portfolio which are not practical for its larger
peers.

Review of the Period

•    Over the period, the Company's net asset value rose by 2.5% compared to a rise in the benchmark of 1.5% while
     the share price rose by 1.6%.  All figures are total return.

•    The final dividend of 7.50p per share was approved at the Annual General Meeting on 1 October and was paid on
     5 October.

•    At the Annual General Meeting on 1 October the Company was given authority to buy back its shares.

•    During the period, exposure to North America and the United Kingdom was reduced while the Emerging Market and
     cash portions were increased.



       Geographical Analysis of Total Assets                            Top Ten Equity Holdings

Region                           % of    % of total      Name                            % of      % of total
                                total     assets at                                     total      assets at
                              assets at   30/06/07                                    assets at     30/06/07
                               30/09/07                                                30/09/07
                                                         Baillie Gifford Developed   
Continental Europe               28.7       29.7          Asia Pacific Fund              7.6          6.5
North America                    20.2       25.5         Schlumberger                    3.0          2.5
United Kingdom                   14.3       17.3         Atlas Copco                     1.9          2.0
Emerging Markets                 12.0        6.5         Seadrill                        1.9          1.0
Japan                            8.1         8.9         Kone                            1.7          1.5
Asia Pacific                     7.6         6.5         Essilor                         1.5          1.5
Fixed Interest                   5.2         5.4         Nestle                          1.4          1.2
Net Liquid Assets                3.9         0.2         Vodafone                        1.4          0.8
                                                         Royal Bank of Scotland          1.3          1.3
                                                         Samsung                         1.3          0.9

Total                           100.0          100.0     Total                           23.0         19.2


                                                                           Total Return Performance
                                                                  %
                               3 Months            1 Year              3 Years              5 Years
Share Price                       1.6               12.5                 69.3                118.7
NAV (Par)                         2.5               13.1                 56.3                103.9
Comparative Index                 1.5               13.2                 53.0                98.7

Source: Fundamental Data Ltd.

Comparative Index is the FTSE World Index (in sterling terms) with net income
reinvested.



Past performance is not a guide to future performance

                                          General Information


                                                             30/09/07                  30/06/07
Total assets (before deduction of  bank loan)                 £53.2m                    £52.6m
Bank loan                                                     £2.5m                     £2.4m
Equity shareholders' funds                                    £50.7m                    £50.2m

Net asset value per ordinary share (after deducting          1,008.2p                   998.9p
   borrowings at fair value)
Net asset value per ordinary share (after deducting          1,007.7p                   997.8p
borrowings at par)
Share Price                                                   848.0p                    842.5p

Discount (after deducting borrowings at fair value)           15.9%                     15.7%
Discount (after deducting borrowings at par)                  15.8%                     15.6%

Potential Gearing (after deducting borrowings at               5.0%                      4.7%
fair value)
Actual Gearing (after deducting borrowings at fair            -5.4%                     -0.9%
value)

Potential Gearing ( after deducting borrowings at              5.1%                      4.8%
par)
Actual Gearing (after deducting borrowings at par)            -5.3%                     -0.8%



This interim management statement and up to date NAV and share price information
is available on the Managers' website www.bailliegifford.com.



For further information contact:-  Robert O'Riordan on 0131 275 3181


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