Portfolio Update

Scottish Mortgage Inv Tst PLC
02 October 2007







                     SCOTTISH MORTGAGE INVESTMENT TRUST PLC

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



30 September 2007


No      Holding                                                                  % of Total
                                                                                   Assets

1.      Petrobras                                                                   4.5%
2.      CVRD                                                                        4.4%
3.      eBay                                                                        3.6%
4.      Atlas Copco                                                                 3.4%
5.      Sandvik                                                                     3.2%
6.      Gazprom                                                                     3.1%
7.      British American Tobacco                                                    2.9%
8.      Amazon                                                                      2.6%
9.      Porsche                                                                     2.6%
10.     Canon                                                                       2.6%



                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                  2 October 2007




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