Net Asset Value(s)

Scottish Mortgage Inv Tst PLC
23 January 2006


                             Scottish Mortgage Investment Trust PLC        20 January 2006

                           Net Asset Value  with Debentures at Par:                566.00p
                  Net Asset Value with Debentures at Market Value*:                536.39p



Net Asset Value is calculated using closing bid market price from the London
Stock Exchange








                      This information is provided by RNS
            The company news service from the London Stock Exchange