Directors' Notification of Dealing in Shares

Alliance Trust PLC
19 May 2000


DIRECTOR'S INTERESTS IN SECURITIES
----------------------------------

NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. WILLIAM BERRY    

TYPE OF TRANSACTION          REDUCTION IN NON-BENEFICIAL INTERESTS
                             FOLLOWING RESIGNATION AS TRUSTEE.

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDERS   CASTLE STREET NOMINEES LIMITED
                             ACCOUNT 501

NUMBER OF STOCK UNITS        240

PRICE PER STOCK UNIT         NOT APPLICABLE - NO TRANSFER OF SHARES

DATE OF TRANSACTION          18 MAY 2000

DATE COMPANY INFORMED        18 MAY 2000     

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             22,228

TOTAL PERCENTAGE             0.04%
OF ISSUED CLASS



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

NAME OF CONTACT AND TELEPHONE NUMBER  MR IAN GODDARD (01382 201700)


DATE OF NOTIFICATION         19 MAY 2000