- Monthly Portfolio Disclosure

MURRAY INTERNATIONAL TRUST PLC


In accordance with UKLA Listing Rule 21.20(1)(i), the following list represents
the Company's investments, as at 30 June 2004, in other UK listed investment
companies (including investment trusts), which themselves do not have a stated
investment policy to invest no more than 15% of their gross assets in other UK
listed investment companies (including investment trusts):

Name of company - Class of share                    Market value (£)

Global High Yield Bond - Redeemable Pref              9,375

The aggregate values of the investments listed above represent less than 0.01%
of the Company's gross assets.

Aberdeen Asset Management
Secretary to Murray International Trust PLC