Holding in Company

Monks Investment Trust PLC
6 March 2001


                                  SCHEDULE 10
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)    Name of Company
      The Monks Investment Trust Plc


2)  Name of shareholder having a major interest
    The Equitable Life Assurance Society


3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder if it is a
    holding of that person's spouse or children under the age of 18



4)  Name of the registered holder(s) and, if more than one holder, the number
    of shares held by each of them
    The Equitable Life Assurance Society


5)   Number of shares/amount of stock acquired



6)     Percentage of issued class



7)   Number of shares/amount of stock disposed
      1,365,000


8)     Percentage of issued class
        2.24%


9)     Class of security
       Ordinary shares of 25p


10)         Date of transaction



11)        Date company informed
            5 March 2001


12)   Total holding following this notification
      6,111,700


13) Total percentage holding of issued class following this notification
     9.99%


14)      Any additional information



15)   Name of contact and telephone number for queries
      Paul Connolly - Baillie Gifford & Co.
      0131 474 3210


16) Name and signature of authorised company official responsible for making
    this notification