Director Shareholding

Edinburgh Dragon Trust PLC
27 Sep 2000

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company
Edinburgh Dragon Trust plc


2) Name of director
Iain A Watt


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a      holding of
that person's spouse or children under the age of 18 or in respect of a
non-beneficial interest
In respect of 2 above


4) Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them (if notified)
Iain Alasdair Watt                         6,057 shares
Mrs Lynne Neilson Watt                         4,125 shares
Gemma Watt                                    180 shares
Bell & Scott WS (Nominees) Ltd A/C W2581          1,875 shares
Bank of Scotland SP Nominees Ltd                Balance


5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
As in 2 above


6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
Purchase through regular savings plan


7) Number of shares/amount of stock acquired
59


8) Percentage of issued class
0.0%


9) Number of shares/amount of stock disposed
0


10) Percentage of issued class
0.0%


11) Class of security
Ordinary


12) Price per share
83.5p


13) Date of transaction
25/9/00


14) Date company informed
26/9/00


15) Total holding following this notification
18,230 (of which 3,734 are held in Trust)


16) Total percentage holding of issued class following this notification
0.0%


If a director has been granted options by the company please complete the
following boxes

17) Date of grant
n/a


18) Period during which or date on which exercisable
n/a


19) Total amount paid (if any) for grant of the option
n/a


20) Description of shares or debentures involved: class, number
n/a


21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
n/a


22) Total number of shares or debentures over which options held
following this notification
n/a


23) Any additional information
n/a


24) Name of contact and telephone number for queries
n/a


25) Name and signature of authorised company official responsible for
making this notification

Date of Notification 27/9/00