Portfolio Update

Monks Investment Trust PLC
05 May 2006

                         THE MONKS INVESTMENT TRUST PLC

   Statement of Top Ten Investments and all Holdings Over 5% of Total Assets



30 April 2006


No      Holding                                             % of Total Assets

1.      Baillie Gifford Pacific C Income                           7.0%
2.      Suncor Energy                                              3.2%
3.      Petrobras                                                  3.2%
4.      Encana                                                     2.4%
5.      Credit Suisse 0% Swap Rate Linked Note 2013                2.3%
6.      Golden West Financial                                      2.2%
7.      EOG Resources                                              2.2%
8.      Sasol                                                      2.0%
9.      Moody's                                                    1.6%
10.     Baillie Gifford Japanese Smaller C Accumulation            1.6%


                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                      5 May 2006



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