Albany Investment Trust PLC
18 December 2007

                            Albany Investment Trust

              Interim Management Statement as at 30th November 07



Investment Objective:



To invest in a wide variety of quality stocks both in the UK and abroad, seeking
consistent growth in capital and income.



Net Asset Value:


                        FT ALL SHARE                                 ALBANY INVESTMENT TRUST
                      Index   %                       NAV    %                      Price     %          Discount
   31/07/2007       3289.12  -3.38   102.84        395.59    -3.07    100.72       366.00     -8.27          7.48
   31/08/2007       3260.48  -0.87   101.94        394.13    -0.37    100.35       362.50     -0.96          8.03
   30/09/2007       3335.41   2.30   104.29        391.17    -0.75     99.60       375.00      3.45          4.13
   31/10/2007       3454.12   3.56   108.00        406.65     3.96    103.54       360.50     -3.87         11.35
   30/11/2007       3280.87  -5.02   102.58        381.14    -6.27     97.04       310.50    -13.87         18.53



Top Ten Holdings: (previous position)


BHP Biliton                               3.98% (2)
Northumbrian Water                        3.86% (7)
Royal Dutch Shell                         3.76% (3)
BAT                                       3.63% ()
BT                                        3.55% (1)
Chemring                                  3.53% (6)
National Grid                             3.39% (7)
Wincanton                                 3.32% (5)
StatoilHydro                              3.26% ()
BP                                        3.25% (10)



Top Ten Concentration: 35.53%



For further information

Rathbone Bros & Co -   0151 236 6666
Tom Evans
Roy Morris


Shore Capital & Corporate Limited
Dru Danford - 0207 408 4090


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