Portfolio Update

Monks Investment Trust PLC
01 August 2007

                         THE MONKS INVESTMENT TRUST PLC

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

31 July 2007

No     Holding                                                                    % of Total Assets

1.     Baillie Gifford Pacific C Income                                                 8.4%
2.     Schlumberger                                                                     3.4%
3.     Petrobras                                                                        2.9%
4.     Credit Suisse 0% Swap Rate Linked Note 2013                                      2.1%
5.     National Oilwell Varco                                                           2.0%
6.     EOG Resources                                                                    1.9%
7.     Diamond Offshore Drilling                                                        1.7%
8.     Atlas Copco                                                                      1.5%
9.     Posco                                                                            1.5%
10.    Brazil CPI Linked 15/05/2045                                                     1.5%



                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                   1 August 2007


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