Directors' Dealings

ALLIANCE TRUST PLC
27 October 1999


DIRECTORS' INTERESTS IN SECURITIES
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NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. GAVIN R SUGGETT

TYPE OF TRANSACTION          PURCHASE (NON BENEFICIAL AS TRUSTEE
                             THROUGH THE ALLIANCE INVESTMENT PLAN)

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    ALLIANCE TRUST SAVINGS NOMINEES LIMITED


NUMBER OF STOCK UNITS        58

PRICE PER STOCK UNIT         £30.2900

DATE OF TRANSACTION          26TH OCTOBER 1999

DATE COMPANY INFORMED        27TH OCTOBER 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             9,473

TOTAL PERCENTAGE             0.02%
OF ISSUED CLASS



THIS NOTIFICATION DOES NOT RELATE TO DEALINGS BY PERSONS OTHERWISE
CONNECTED WITH THE NAMED DIRECTOR.

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE

DATE OF NOTIFICATION         27TH OCTOBER 1999