Portfolio Update

Scottish Mortgage Inv Tst PLC
03 April 2007


                     SCOTTISH MORTGAGE INVESTMENT TRUST PLC

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


30 March 2007

No      Holding                                                       % of Total
                                                                          Assets

1.      Petrobras                                                           3.6%
2.      eBay                                                                3.4%
3.      Royal Bank of Scotland                                              3.4%
4.      Gazprom                                                             3.1%
5.      CVRD                                                                2.9%
6.      Atlas Copco                                                         2.8%
7.      Sandvik                                                             2.7%
8.      British American Tobacco                                            2.5%
9.      Brazil CPI Linked 2045 2.4%                                         2.4%
10.     Wolseley                                                            2.2%


                                                           Baillie Gifford & Co.
                                                             Company Secretaries

                                                                    3 April 2007


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