Director Shareholding

Bankers Investment Trust PLC
26 September 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
 THE BANKERS INVESTMENT TRUST PLC



2. Name of director
 JAMES MORLEY



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
 AS IN 2 ABOVE - BENEFICIAL



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
 LLOYDS TSB REGISTRARS SAVINGS NOMINEES LTD



5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
 N/A



6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
 BENEFICIAL SHARE PURCHASE



7. Number of shares / amount of stock acquired
 257



8. Percentage of issued class
 INSIGNIFICANT



9. Number of shares/amount of stock disposed
 -



10. Percentage of issued class
 -



11. Class of security
 ORDINARY SHARE



12. Price per share
 232P



13. Date of transaction
25 SEPTEMBER 2002



14. Date company informed
26 SEPTEMBER 2002



15. Total holding following this notification
 17,207



16. Total percentage holding of issued class following this notification
 INSIGNIFICANT



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

17. Date of grant




18. Period during which or date on which exercisable




19. Total amount paid (if any) for grant of the option




20. Description of shares or debentures involved: class, number




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




22. Total number of shares or debentures over which options held following this
notification




23. Any additional information




24. Name of contact and telephone number for queries
 MRS Y BARNES - 020 7818 3005



25. Name and signature of authorised company official responsible for making
this notification
 MRS Y BARNES, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED, 
 SECRETARY


Date of Notification
26 SEPTEMBER 2002


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