N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21909

SCOTTISH WIDOWS INVESTMENT PARTNERSHIP TRUST

(Exact name of registrant as specified in charter)

Two Avenue de Lafayette, 6^th Floor
Boston, MA 02111
(Address of principal executive offices)(Zip code)

(Name and Address of Agent for Service)	Copy to:
Scottish Widows Investment Partnership Ltd.	Geoffrey R. T. Kenyon, Esq.
Edinburgh One, Morrison Street,	Dechert LLP
Edinburgh EH3 8BE	John Hancock Tower
Scotland	200 Clarendon Street, 27th Fl.
	Boston, MA 02116-5021

Registrant’s telephone number, including area code: (617) 662-3968

Date of fiscal year end: September 30

Date of reporting period: June 30, 2008

TABLE OF CONTENTS

	Item 1. Schedule of Investments
	Item 2. Controls and Procedures.
	Item 3. Exhibits.
SIGNATURES
Certifications

Item 1. Schedule of Investments

Scottish Widows Investment Partnership Trust
Global Emerging Markets Fund
SCHEDULE OF INVESTMENTS

June 30, 2008 (Unaudited)

Number of			Market
Shares			Value
Common Stocks - 87.6%
Argentina - 1.9%
	2,800	Tenaris S.A.	$	208,600
Brazil - 19.2%
	19,200	Companhia Vale do Rio Doce (ADR)		572,928
	5,485	Gafisa S.A.		94,639
	23,300	Localiza Rent a Car S.A.		257,258
	12,840	Petroleo Brasileiro S.A. (ADR)		744,078
	9,252	Tam S.A. (ADR)		176,898
	2,367	Unibanco — Uniao de Bancos Brasileiros S.A. (GDR)		300,443
				2,146,244
Czech Republic - 1.4%
	2,162	Zentiva NV (GDR)		158,907
Hong Kong - 8.3%
	96,718	China Resources Power Holdings Co., Ltd.		235,678
	247,000	CNOOC, Ltd.		425,117
	26,500	Parkson Retail Group, Ltd.		193,382
	82,000	Shun Tak Holdings, Ltd.		76,771
				930,948
Malaysia - 3.5%
	226,150	AMMB Holdings Berhad		220,094
	99,000	Genting Berhad		169,671
				389,765
Mexico - 6.2%
	7,400	America Movil SAB de C.V., Series L (ADR)		390,350
	54,930	Corporacion GEO S.A. de C.V., Series B(a)		183,808
	30,000	Wal-Mart de Mexico S.A. de C.V., Series V		118,917
				693,075
Netherlands - 1.3%
	4,450	X5 Retail Group N.V. (GDR)(a)		149,965
People’s Republic of China - 3.7%
	39,600	China Railway Group, Ltd.(a)		29,507
	35,640	Ping An Insurance Co. of China, Ltd.		265,109
	63,000	Yanzhou Coal Mining Co. Ltd.		117,157
				411,773
Peru - 2.3%
	3,100	Credicorp, Ltd.		254,572
Russia - 21.1%
	17,700	Comstar United Telesystems (GDR)		177,000
	17,343	Gazprom (ADR)(a)		1,005,894
	5,661	LUKOIL (ADR)		558,175
	8,240	MMC Norilsk Nickel (ADR)		208,472

Number of			Market
Shares			Value
	3,810	Mobile TeleSystems (ADR)	$	291,884
	34,972	Sberbank		110,511
				2,351,936
Singapore - 0.7%
	106,000	Petra Foods, Ltd.		76,741
South Africa - 11.1%
	101,606	African Bank Investments, Ltd.		306,245
	5,684	AngloGold Ashanti, Ltd.		195,165
	58,569	FirstRand, Ltd.		99,485
	7,340	Impala Platinum Holdings, Ltd.		289,663
	7,150	MTN Group, Ltd.		113,688
	3,921	Sasol		230,853
				1,235,099
South Korea - 1.1%
	2,200	Kookmin Bank (ADR)		128,722
Taiwan - 4.7%
	7,103	AU Optronics Corp. (ADR)		112,511
	19,000	Hon Hai Precision Industry Co., Ltd.		93,582
	21,578	Hon Hai Precision Industry Co., Ltd. (GDR)		215,133
	71,119	Wistron Corp.		101,689
				522,915
Thailand - 1.1%
	33,000	Bangkok Bank Public Co., Ltd.		118,439
Total Common Stocks (Cost $9,125,025)				9,777,701
Preferred Stocks - 6.2%
Brazil - 4.4%
	18,500	Banco Itau Holding Financeira S.A.		376,209
	9,402	Net Servicos de Comunicacao S.A.(a)		119,057
				495,266
Russia - 1.8%
	147	Transneft		201,390
Total Preferred Stocks (Cost $661,914)				696,656
Participation Notes - 3.0%
India - 2.9%
	5,521	Bharti Airtel, Ltd. (expires 3/17/11)(a), (b)		92,786
	5,069	Housing Development Finance Corp., Ltd. (expires 1/18/11)(a)		231,658
				324,444
South Africa - 0.1%
	1,400	Anglogold Ashanti, Ltd. (expires 7/4/08)(a)		11,944

1

Number of	Market
Shares	Value
Total Participation Notes (Cost $375,075)		336,388
Total Investments(c) - 96.8% (Cost $10,162,014)	$	10,810,745
Other Assets, Less Liabilities - 3.2%		358,803
Total Net Assets - 100.0%	$	11,169,548

(a)	Non-income producing security.
(b)	Pursuant to Rule 144A under the Securities Act of 1933, these securities may only be traded among “qualified institutional buyers.” At June 30, 2008, the aggregate market value of these securities amounted to $92,786 or 0.8% of net assets. The Advisor has deemed these securities to be liquid.
(c)	For federal income tax purposes the aggregate cost was $10,162,014 aggregate gross unrealized appreciation was $1,715,901 aggregate gross unrealized depreciation was $(1,067,170) and the net unrealized appreciation $648,731
ADR	American Depositary Receipt
GDR	Global Depositary Receipt

2

Item 2. Controls and Procedures.

(a) The Registrant’s principal executive and principal financial officers have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c)) are effective, as of a date within 90 days of the filing date of this Form N-Q based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

The certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SCOTTISH WIDOW INVESTMENT PARTNERSHIP TRUST

By:	/s/ John Brett
	John Brett
	President (principal executive officer)

Date: July 31, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ John Brett
	John Brett
	President (principal executive officer)

Date: July 31, 2008

By:	/s/ Tony Owens
	Tony Owens
	Treasurer (principal financial and accounting officer)

Date: July 31, 2008

EX-99.CERT

Certifications

I, John Brett, President of Scottish Widows Investment Partnership Trust, certify that:

1.	I have reviewed this report on Form N-Q of Scottish Widows Investment Partnership Trust;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4.	The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 31, 2008

By:	/s/ John Brett
	John Brett
	President (principal executive officer)

Certifications

I, Tony Owens, Treasurer of Scottish Widows Investment Partnership Trust, certify that:

1.	I have reviewed this report on Form N-Q of Scottish Widows Investment Partnership Trust;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4.	The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 31, 2008

By:	/s/ Tony Owens
	Tony Owens
	Treasurer (principal financial and accounting officer)