Portfolio Update

Monks Investment Trust PLC
02 November 2007



                         THE MONKS INVESTMENT TRUST PLC
   Statement of Top Ten Investments and all Holdings Over 5% of Total Assets


31 October 2007


No     Holding                                       % of Total Assets

1.     Baillie Gifford Pacific C Income                           8.2%
2.     Petrobras                                                  3.9%
3.     Schlumberger                                               3.1%
4.     National Oilwell Varco                                     2.3%
5.     EOG Resources                                              2.2%
6.     Reliance Industries                                        1.9%
7.     Credit Suisse 0% Swap Rate Linked Note 2013                1.7%
8.     CVRD                                                       1.7%
9.     Diamond Offshore Drilling                                  1.6%
10.    BHP Billiton                                               1.6%



                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                 2 November 2007


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