Portfolio Update

Mid Wynd Inter Inv Trust PLC
04 October 2004


                  MID WYND INTERNATIONAL INVESTMENT TRUST PLC
   Statement of Top Ten Investments and all Holdings Over 5% of Total Assets


30 September 2004


No       Holding                                               % of Total Assets

1.       Baillie Gifford Pacific C                                    6.5%
2.       Golden West Financial                                        2.8%
3.       Total                                                        1.9%
4.       Vodafone Group                                               1.9%
5.       BTP Italy '04 2.15% '14                                      1.8%
6.       OAT France '98 IL 3% '09                                     1.8%
7.       Moodys                                                       1.8%
8.       Altria Group                                                 1.8%
9.       Imperial Tobacco                                             1.7%
10.      ABB R                                                        1.6%



                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                  4 October 2004


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