Holding in Company

Monks Investment Trust PLC
31 July 2001


                        The Monks Investment Trust PLC

                  Notification of Major Interests In Shares


We have today been advised by Clerical Medical Investment Management Limited /
Halifax Group PLC that they no longer have a material interest in the ordinary
shares of the Company.



                                                         Baillie Gifford & Co.
                                                           Company Secretaries