Purchase of Own Securities

MONKS INVESTMENT TRUST PLC
14 October 1999


ON 14 OCTOBER 1999, THE COMPANY PURCHASED FOR CANCELLATION 100,000 ORDINARY
SHARES AT A PRICE OF 840.00P PER ORDINARY SHARE, BEINGING THE TOTAL NUMBER OR
SHARES BOUGHT BACK TO 2,795,000.  THERE REMAINS 74,797,000 SHARES IN ISSUE.