Smith enjoyed six wins from six in January

The Ibrox club had an impressive start to 2008, winning four league matches to maintain their four point lead over Celtic at the top of the SPL table.

Rangers also reached the final of the CIS Insurance Cup, beating Hearts 2-0 at Hampden to progress.

And Smith's side thrashed East Stirlingshire 6-0 in the fourth round of the Scottish Cup.

The award is Smith's second of the season, with the Rangers boss receiving the August prize after a great start to the campaign.