Interim Management Statement

Pacific Horizon Investment Tst PLC
05 November 2007

The issuer advises that the following replaces the Interim Management Statement
released 5 November 2007 at 11.40am under RNS number 0194H

The full corrected version is shown below:



                      PACIFIC HORIZON INVESTMENT TRUST PLC

           Interim Management Statement - 3 months to 31 October 2007



Pacific Horizon's objective is to invest in the stockmarkets of the Asia-Pacific
region (excluding Japan) and in the stockmarkets of the Indian Sub-continent in
order to achieve capital growth.  The Company is prepared to move freely between
the markets of the region as opportunities for growth vary.  The portfolio will
normally consist entirely of quoted securities.


                              Review of the Period

•    Over the period, the Company's net asset value rose by 16.6% compared to a 
     rise in the comparative index of 18.2% while the share price rose by 17.0%.
•    The final dividend of 1.10p per share was paid on 29 October 2007.
•    Changes in the Top 10 Equity Holdings were due to market movements.
•    The Company has bought 30% out of the money Hang Seng China Enterprises 
     Index Put Options, for a total consideration of £1.2m. Expiring March 2008.




       Geographical Analysis of Total Assets                            Top Ten Equity Holdings


Region                           % of    % of total      Name                            % of      % of total
                                total     assets at                                     total      assets at
                              assets at   31/07/07                                    assets at     31/07/07
                               31/10/07                                                31/10/07

Hong Kong and China                 38.4        34.8     Samsung Corporation             4.4          5.4
Korea                               16.4        19.1     Singapore Exchange              3.8          2.8
Singapore                           11.7        12.2     CNPC Hong Kong                  3.6          3.3
Taiwan                              10.8        11.6     Pacific Basin Shipping          3.6          2.9
Malaysia                             6.0         5.4     China Infrastructure            3.4          4.1
Indonesia                            4.3         4.6         Machinery Holdings
Thailand                             3.8         4.2     Samsung Heavy Industries        3.1          3.4
India                                2.8         2.9     Bakrie and Brothers             2.7          3.1
Philippines                          1.9         2.4     Petrochina                      2.4          1.7
Vietnam                              1.9         1.9     Li & Fung                       2.3          2.1
Net Liquid assets                    2.0         0.9     Hong Kong Exchanges and 
                                                             Clearing                    2.3          2.7

Total                              100.0       100.0     Total                           31.6         31.5




                           Capital Growth Performance

                                                                  %
                               3 Months            1 Year              3 Years              5 Years
Share Price                      17.0               67.8                204.5                399.4
NAV (Par)                        16.6               69.4                184.5                326.3
Comparative Index                18.2               54.4                122.0                167.6

Source: Fundamental Data Ltd.;  Comparative Index is MSCI All Country Far East
ex Japan Index (in sterling terms).


Past performance is not a guide to future performance

                                          General Information


                                                             31/10/07                  31/07/07

Equity shareholders' funds                                   £150.7m                   £130.1m

Net asset value per share                                    193.37p                   166.90p

Share Price                                                  201.00p                   171.75p

Premium                                                        3.9%                      2.9%



This interim management statement and up to date NAV and share price information
is available on the Managers' website www.bailliegifford.com.



For further information contact:-  Anzelm Cydzik on 0131 275 3276


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