Portfolio Update

Monks Investment Trust PLC
04 August 2005

                         THE MONKS INVESTMENT TRUST PLC

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



31 July 2005


No      Holding                                                               % of Total Assets

1.      Baillie Gifford Pacific C Income                                             7.0%
2.      Golden West Financial                                                        3.1%
3.      Moody's                                                                      2.9%
4.      Encana                                                                       2.6%
5.      Burlington Resources                                                         2.6%
6.      Suncor Energy                                                                2.5%
7.      Petrobras                                                                    2.3%
8.      EOG Resources                                                                2.1%
9.      Altria                                                                       2.0%
10.     Mohawk Industries                                                            1.8%





                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                   3 August 2005






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