Interim Management Statement

The AIM Distribution Trust plc
Interim Management Statement
for the three months ended 31 December 2008

In accordance with Rule 4.3 of the Disclosure and Transparency  Rules
of the UK Listing Authority, The AIM Distribution Trust plc  presents
an Interim Management Statement for  the three month period ended  31
December  2008.   The  statement  also  includes  relevant  financial
information between  the end  of  the period  and  the date  of  this
statement.

Dividends paid or declared in the period
On 28 November 2008, the Board  declared an interim dividend of  2.0p
per share to be paid on 27 March 2009.

Performance

                                  31 Jan 31 Dec 30 Sept 31 Mar 31 Mar
                                    2009   2008    2008   2008   2007
                                   Pence  Pence   Pence  Pence  Pence
Net Asset Value ("NAV")             35.6   36.2    42.5   50.3   64.1
Cumulative dividends since launch   55.8   55.8    55.8   55.8   53.8
Total Return *                      91.4   92.0    98.3  106.1  117.9

* (NAV plus cumulative dividends paid since launch)

Investment portfolio summary at 31 December 2008

                                                            Valuation
                                                             movement
                                                                since
                                                              30 Sept
                                             Cost Valuation    2008 *
                                            £'000     £'000
Ten largest investments by
value
ANS Group plc                Listed on Plus   253       492     (101)
Connaught plc                Full list         30       417      (32)
Cadbury House Limited        Unquoted         319       319         -
Spice plc                    Full list        256       303      (82)
Doubletake Portraits Limited Unquoted         250       250         -
Printing.com plc                              179       212         4
Atlantic Global plc                           310       186      (37)
Clerkenwell Ventures plc                      175       131         5
Supporta plc                                  250       118      (60)
Aero Inventory plc                            115       114      (62)

Other venture capital                                           (243)
investments                                 6,428       830
Listed fixed income                                              (74)
securities                                    558       381
Other investments                             838       676     (139)

Total                                       9,961     4,429     (821)


All investments are quoted on AIM unless otherwise stated.
* After accounting for purchases in period

Investment additions during the 3 months ended 31 December 2008
There have been no material additions during the 3 months ended 31
December 2008 or since the period end.

Investment disposals during the 3 months ended 31 December 2008

                           Market
                         value at                   Loss    Total
                          1 April  Disposal    in period realised
                    Cost     2008  proceeds against cost     loss
                   £'000    £'000     £'000        £'000    £'000

Disperse Group plc   250        -         -        (250)        -
Payzone plc          105       83        11         (94)     (72)
                     355       83        11        (344)     (72)


There have been no investment disposals since the period end.

Changes to share capital

                                 Ordinary Shares of
                                      25p each
                                      Shares  £'000
As at 1 October 2008              13,140,436  3,285
Shares bought back and cancelled           -      -
As at 31 December 2008            13,140,436  3,285


There have been no shares bought back for cancellation since the
period end.

Material events
Other than described above, there were no material events during  the
period from 1 October 2008 to 31 December 2008 or in the period  from
1 January 2009 to the date of this announcement.

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