Planned Board Changes & New Appointment

Foreign & Col. Pacific Inv Tst PLC
24 November 1999

Contact:       Charles Brock
               Foreign & Colonial            0171 628 8000
          
               Andrew Waterworth
               Financial Dynamics            0171 831 3113
                                       
                                       
                 PLANNED BOARD CHANGES AND NEW APPOINTMENT AT
                FOREIGN & COLONIAL PACIFIC INVESTMENT TRUST PLC


Foreign & Colonial Pacific Investment Trust PLC announces further planned
changes to its Board of Directors, to take effect next year, and a new
appointment as from today.


The Chairman, Mr. Alan Davis, will retire following the annual general meeting
in May 2000 after 11 years with the Company, and will be succeeded by Mr.
Christopher Purvis.  Mr. Toby de Lotbiniere, a long serving director, will
also retire following the annual general meeting in 2000.


Mrs Gillian Nott has been appointed an independent non-executive director with
effect from 24th November 1999. Mrs Nott (54 ) was until recently the Chief
Executive of ProShare, the organisation which promotes individual and employee
share ownership.


The appointment of Mrs Nott follows two other appointments to the Board
earlier in the year and the retirement of another long serving director
following the annual general meeting last June.


Mr. Davis said 'We are very pleased to welcome Gill who we believe will give
us a better insight to the needs of the private investors for whom investment
trusts are very well suited.  I shall be sorry to step down as Chairman next
year, and wish Christopher Purvis every success in leading the Company to meet
the investment challenges that lie ahead'.


Commenting on her appointment Mrs Nott said 'I believe that investment trusts
are an ideal vehicle for the individual investor, and particularly for those
wishing to gain exposure to a specialist sector, such as the area covered by
this trust'.


Background

Christopher Purvis joined the Board of Foreign & Colonial Pacific Investment
Trust in July 1997.  He is Chief Executive of Japan 2001, a series of Japan
related events to be held in the UK in 2001.  He was for many years manager of
Warburg's operations in Japan, having started his career with the organisation
as an investment manager in Asian equity markets.

Whilst at ProShare, Gillian Nott was deeply involved in all issues relating to
the investment environment for private individuals, and was also responsible
for the development of the highly successful investment club movement.  After
starting her career at the Board of Trade, she moved into industry where she
worked predominantly in business development roles with P&O and BP.  She is
now a non-executive director of the FSA, is Chairman of Baronsmead VCT plc,
and is the on the board of a number of smaller companies.

Kevin Jones and Les Atkinson were appointed as independent non-executive
directors earlier in the year.  Christopher Weston retired following the
annual general meeting in June.