Director Shareholding

Monks Investment Trust PLC
01 May 2003

Schedule 11 - Notification of interests of Directors and Connected Persons.

THE MONKS INVESTMENT TRUST PLC

 1. Name of Director:

JAMES FERGUSON

 2. Please state whether notification indicates that it is in respect of holding
    of the director named in 2 above or holding of that person's spouse or
    children under the age of 18 or in respect of a non-beneficial interest:

BENEFICIAL

 3. Name of registered holder(s) and, if more than one holder, the number of
    shares held by each of them (if notified):

JAMES FERGUSON

 4. Please state whether notification relates to a person(s) connected with the
    director named in 2 above and identify the connected person(s):

N/A

 5. Please state the nature of the transaction. For PEP transactions please
    indicate whether general/single co PEP and if discretionary/non
    discretionary:

N/A

 6. Number of shares/amount of stock acquired.

10,000

 7. Percentage of issued class:

0.0034%

 8. Number of shares/amount of stock disposed:

N/A

 9. Percentage of issued class:

N/A

10. Class of security:

ORDINARY 5P SHARES

11. Price per share:

143.98p

12. Date of transaction:

29 APRIL 2003

 1. Date company informed:

30 APRIL 2003

 2. Total holding following this notification:

10,000

 3. Total percentage holding of issued class following this notification:

0.0034%

 4. Contact: Simon Marriott, Baillie Gifford & Co., 0131 222 4076












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