Result of EGM

Monks Investment Trust PLC
18 April 2000


                THE MONKS INVESTMENT TRUST PLC (THE 'COMPANY')                
                        RENEWAL OF BUY-BACK AUTHORITY

At an extraordinary general meeting of the Company held earlier today,
shareholders approved a resolution renewing the Company's authority to make
market purchases of up to 14.99 per cent of the Company's current issued share
capital, being 10,166,048 shares.  Such authority is due to expire on 17
October 2001 unless previously varied, revoked or renewed.  Future purchases
of shares will only be made at prices which, after allowing for costs, will
enhance the net asset value of the Company.

Under the previous share buy-back authority granted on 19 January 1999 the
Company made market purchases for cancellation of 9,773,130 shares,
representing 12.6 per cent of the 14.99 per cent authority granted at that
date.  Such purchases increased net asset value for shareholders by
approximately 2.1 per cent.

At today's extraordinary general meeting shareholders also approved a
resolution amending the Company's articles of association to take account of
the change in the law to permit an investment company to distribute its
capital profits for the purpose of purchasing its own shares without losing
investment company status.