Portfolio Update

Monks Investment Trust PLC
06 May 2005


                     THE MONKS INVESTMENT TRUST PLC

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



30 April 2005


No      Holding                                               % of Total Assets

1.      Baillie Gifford Pacific C Income                            7.0%
2.      Golden West Financial                                       3.1%
3.      Moody's                                                     2.7%
4.      Encana                                                      2.2%
5.      Burlington Resources                                        2.1%
6.      Altria                                                      2.1%
7.      Suncor Energy                                               2.0%
8.      EOG Resources                                               1.7%
9.      Mohawk Industries                                           1.7%
10.     Walgreen                                                    1.6%


                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                      6 May 2005



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