Interim Management Statement

Monks Investment Trust PLC
07 February 2008



                         THE MONKS INVESTMENT TRUST PLC

           Interim Management Statement - 3 months to 31 January 2008



Monks' objective is to invest internationally to achieve capital growth, which
takes priority over income and dividends.  The portfolio is concentrated in a
relatively small number of holdings for a global portfolio, consisting almost
entirely of quoted securities.  The Company is prepared to move freely between
markets as opportunities for growth vary.



                              Review of the Period


•    Over the period, the Company's net asset value (NAV) fell by 9.9% compared to a fall in the FTSE World
     Index of 8.8% while the share price fell by 10.3%.  All figures are total return.
•    During the period 8.8 million shares were repurchased at a cost of £29.6m enhancing the NAV per share by
     0.4%.
•    The interim dividend of 0.5p per share was paid on 31 January 2008.

•    After a complete sale, Suncor Energy is no longer in the top ten holdings. Bonds and cash (largely
     non-sterling denominated) increased.
•    On 6th February the Yen 8.2bn (£38.8m) loan was repaid.





       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   31/10/07                                    assets at     31/10/07
                               31/01/08                                                31/01/08

North America                    17.2           21.5     Baillie Gifford Pacific         7.4          8.1
                                                         Fund
Asia Pacific                     15.5           16.2     Petrobras                       4.7          3.9
Continental Europe               14.4           17.3     EOG Resources                   2.4          2.2
United Kingdom                   9.6            12.8     Schlumberger                    2.3          3.1
Japan                            7.4             8.5     National Oilwell Varco          2.1          2.3
Other Emerging Markets           11.5            8.8     Rio Tinto                       1.8          1.5
Net liquid assets and bonds      24.4           14.9     CVRD                            1.7          1.7
                                                         Reliance Industries             1.6          1.9
                                                         Diamond Offshore Drilling       1.5          1.6
                                                         BHP Billiton                    1.4          1.5
Total                           100.0          100.0     Total                           26.9         27.8



                            Total Return Performance

                                                                  %
                               3 Months            1 Year              3 Years              5 Years
Share Price                      -10.3              12.6                 72.1                154.9
NAV (Par)                        -9.9               11.0                 62.1                135.8
Comparative Index                -8.8               0.0                  34.5                83.8

Source: Fundamental Data Ltd.;  Comparative Index is FTSE World Index (sterling
terms).



Past performance is not a guide to future performance

                                          General Information


                                                             31/01/08                  31/10/07
Share Price                                                   313.8p                    350.2p
Total assets (before deduction of  borrowings)              £1,091.3m                 £1,221.5m

Total borrowings (at fair value)                             £170.8m                   £162.8m
Net asset value per share (after deducting                    348.4p                    387.8p
borrowings at fair value)
Discount (borrowings at fair value)                           10.0%                      9.7%
Potential Gearing (borrowings at fair value)                  18.6%                     15.4%
Actual Gearing (borrowings at fair value)                     -10.6%                    -1.9%

Total borrowings (at par)                                    £158.5m                   £148.8m
Net asset value per share (after deducting                    353.1p                    392.7p
borrowings at par)
Discount (borrowings at par)                                  11.1%                     10.8%
Potential Gearing ( borrowings at par)                        17.0%                     13.9%
Actual Gearing (borrowings at par)                            -11.8%                    -3.2%





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

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