Director Shareholding

City of London Investment Trust PLC
15 December 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


THE CITY OF LONDON INVESTMENT TRUST PLC





2. Name of director


S M DE ZOETE





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


DIRECTOR'S SPOUSE





4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)


ALLIANCE TRUST SAVINGS NOMINEE 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)


DIRECTOR'S SPOUSE





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


BENEFICIAL MONTHLY PURCHASE OF SHARES THROUGH THE CITY OF LONDON ALLIANCE TRUST PENSION





7. Number of shares / amount of stock acquired


106 ORDINARY SHARES





8. Percentage of issued class


INSIGNIFICANT



9. Number of shares/amount of stock disposed


-







10. Percentage of issued class


-





11. Class of security


ORDINARY 25p SHARES





12. Price per share


106 SHARES AT 212.0p





13. Date of transaction


14 DECEMBER 2004





15. Date company informed


15 DECEMBER 2004





15. Total holding following this notification


135,000 MR DE ZOETE

    6,602 MRS DE ZOETE - PENSION

 ----------

141,602





16. Total percentage holding of issued class following this notification


0.07%



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


KRISTA BURWOOD - 020 7818 2966





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


KRISTA BURWOOD, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED,

SECRETARY





Date of Notification


15 DECEMBER 2004



The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


                      This information is provided by RNS
            The company news service from the London Stock Exchange