Interim Results, etc

JUPITER INTERNATIONAL GREEN INVESTMENT TRUST PLC
11 August 1999


Preliminary announcement of results for the half year to 30th June 1999
(unaudited).


                             CHAIRMAN'S STATEMENT                             


The total assets of the Company increased by 16.9% to £47.7 million, after
adjusting for the exercise of Warrants, during the six months to 30th June
1999.  This compares to a 10.2% increase in the FTSE All-Share Index and an
increase of 14.7% in the FT/S&P Actuaries World Index over the same period.

Revenue before taxation for the six months was £472,000 against £641,000 for
the same period last year.  Your directors are declaring an unchanged interim
dividend of 1.7p net per ordinary share and anticipate, in the absence of
unforeseen circumstances, being able to at least maintain the final dividend
of 2.5p net.

During the first six months of 1999 confidence returned to most world equity
markets as the gradual easing of global monetary policy lifted the financial
gloom that prevailed at the end of last year. Encouraged by Wall Street
achieving record highs, equity markets around the world showed double digit or
near double digit gains.  The UK market was stimulated by falling financing
costs and growing money supply.  One of the most positive aspects of this
period has been the return to favour of UK medium and smaller companies, which
have also benefited from a relatively positive results season and an increase
in corporate activity. 

Your Company has a high exposure to UK equities with over 75% of the portfolio
invested in this area, the greater proportion being invested in smaller
companies.  Over the six months the Mid 250 Index rose by 20.7% and the Small
Cap Index (ex IT) by 29.2%.  The same period, however, proved more subdued for
the FTSE 100 Index which rose by 7.4%.  Advantage was taken of these differing
performances to increase your Company's holdings in larger companies. The
exposure to smaller companies was reduced as prices rose and the weightings in
FTSE 100 and 250 stocks were increased.

The first half of 1999 saw the UK government introduce various measures aimed
at reducing the harmful impacts that businesses have upon the environment.
Arguably the most important of these was the Climate Change Levy unveiled in
the Budget.  Its aim is to raise revenues from business energy users whilst
giving back similar sums in the form of reduced National Insurance
contributions.  This is an important example of the Government putting into
practice the principle of raising taxation on environmentally damaging
processes and reducing it on beneficial ones. 

The wider adoption of this principle should be of particular assistance to
companies that operate effective environmental policies. In view of this, your
Company's emphasis upon identifying and investing in companies that
demonstrate 'best in class' environmental performance is being increased. To
date the Jupiter Environmental Research Unit has identified leading companies
in over twenty areas of business, ranging from life assurance to property
development.

Looking to the future world markets are becoming increasingly dependent on the
US equity market just as world economies are increasingly dependent on the US
economy.  At some stage it seems likely that interest rates will have to be
raised in the US to slow economic growth.  It is the management of these rises
that will be crucial.  If shocks and surprises are avoided equity markets
should continue to thrive.  


Michael  Heathcoat Amory
11th August 1999




                    Consolidated Statement of Total Return                    
                     (Incorporating the Revenue Account)                      
                     for the six months to 30th June 1999                     
                                 (Unaudited)            
                     

                                                  1999                   1998 
                                Revenue Capital  Total Revenue Capital  Total 
                                  £'000   £'000  £'000   £'000   £'000  £'000 

Gains on investments                  -   1,941  1,941       -   5,306  5,306 
Revaluation of currencies             -       1      1       -       7      7 
Income from fixed asset investments 579       -    579     749       -    749 
Other income                         46       -     46      16       -     16 
Profit on dealings by subsidiary      7       -      7      20       -     20 
                                   ______ ______ ______  ______  ______ ______
GROSS REVENUE AND CAPITAL GAINS     632   1,942  2,574     785   5,313  6,098 
Management fees                    (120)   (119)  (239)    (91)    (91)  (182)
Other administrative expenses       (40)    (41)   (81)    (44)    (45)   (89)
                                  ______  ______ _____  ______  ______ _______
NET RETURN ON ORDINARY ACTIVITIES   472   1,782  2,254     650   5,177  5,827 

BEFORE FINANCE COSTS AND TAXATION 
Interest payable                      -       -      -      (9)      -     (9)
                                  ______  _____  _____  ______  ______  ______
RETURN ON ORDINARY ACTIVITIES       472   1,782  2,254     641   5,177  5,818 
              
BEFORE TAXATION       
Tax on ordinary activities          (74)     18    (56)   (145)      9   (136)
                                 _______ ______ ______ _______  ______ _______
RETURN ON ORDINARY ACTIVITIES       398   1,800  2,198     496   5,186  5,682 
AFTER TAXATION                   _______ ______ ______ _______  ______ _______

Return attributable to equity       398      94    492     496   3,219  3,715 
 shares               
Return attributable to non-equity     -   1,706  1,706       -   1,967  1,967
 shares                          _______ ______ ______ _______  ______ _______
                                    398   1,800  2,198     496   5,186  5,682 
       
Dividends payable to equity        (486)      -   (486)   (467)      -   (467)
 shareholders      
                                 _______ ______ ______ _______  ______ _______
TRANSFER (FROM)/TO RESERVES         (88)  1,800  1,712      29   5,186  5,215 
                                 ======= ====== ====== =======  ====== =======

BASIC RETURN PER ORDINARY SHARE    1.43p   6.47p  7.90p   1.91p  12.39p 14.30p
      
DILUTED RETURN PER ORDINARY SHARE  1.41p   6.07p  7.48p   1.84p  11.50p 13.34p



                               INTERIM DIVIDEND                               


The Directors have declared an interim dividend in respect of the year ending
31st December 1999 of 1.7p net per Ordinary share (1998: 1.7p).  This dividend
will be payable on 30th September 1999 to shareholders on the register on 27th
August 1999.



                          CONSOLIDATED BALANCE SHEET                          


                                                   30th June    31st December 
                                                        1999             1998 
                                                       £'000            £'000 
                                                  (Unaudited)        (Audited)


                                   
TOTAL ASSETS LESS CURRENT LIABILITIES                 47,645           39,835 
                                   
Net asset value per Ordinary share                      68.4p            52.0p
Net asset value per Zero Dividend Preference share      98.2p            93.1p
Net asset value per Unit of One Ordinary                      
       and One Zero Dividend Preference share          166.6p           145.1p
Net asset value per Ordinary share (fully diluted)      64.9p            47.9p


By Order of the Board
Jupiter Asset Management Limited
Secretaries


The Interim Report will be sent to all registered shareholders and copies may
be obtained from the registered office of the Company at 1, Grosvenor Place,
London SW1X 7JJ.