Portfolio Update

Scottish Mortgage Inv Tst PLC
03 July 2007







                     SCOTTISH MORTGAGE INVESTMENT TRUST PLC

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



30 June 2007


No      Holding                                                                  % of Total
                                                                                   Assets

1.      Petrobras                                                                   3.9%
2.      CVRD                                                                        3.2%
3.      eBay                                                                        3.1%
4.      Atlas Copco                                                                 3.1%
5.      British American Tobacco                                                    3.0%
6.      Gazprom                                                                     3.0%
7.      Sandvik                                                                     2.9%
8.      Brazil CPI Linked 2045 2.4%                                                 2.6%
9.      Canon                                                                       2.3%
10.     Porsche                                                                     2.1%





                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                     3 July 2007




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