Directors' Dealings

THE CITY OF LONDON INVESTMENT TRUST PLC


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

     THE CITY OF LONDON INVESTMENT TRUST PLC

2)   NAME OF DIRECTOR

     S J TITCOMB

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest
 
     THE DIRECTOR NAMED IN 2 ABOVE AND HIS 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)

      HENDERSON NOMINEES LIMITED 

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

      THE DIRECTOR NAMED IN 2 ABOVE AND HIS 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 PURCHASE: REINVESTMENT OF PEP INCOME

7)   Number of shares/amount of
     stock acquired

      344

8)   (INSIGNIFICANT%)
    of issued Class


9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

     ORDINARY 25p SHARES

12)  Price per share

     285p

13)  Date of transaction

     14.07.99

14)  Date company informed

     20.10.99

15)  Total holding following this notification

      50,000

16)  Total percentage holding of issued class following 
     this notification      

      0.02%

      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

      G S RICE - 0171 410 4469



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


     Date of Notification....20 OCTOBER 1999.............


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

     THE CITY OF LONDON INVESTMENT TRUST PLC

2)   NAME OF DIRECTOR

     S J TITCOMB

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest
 
     THE DIRECTOR NAMED IN 2 ABOVE AND HIS 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)

      HENDERSON NOMINEES LIMITED 

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

      THE DIRECTOR NAMED IN 2 ABOVE AND HIS 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 PURCHASE: REINVESTMENT OF PEP INCOME

7)   Number of shares/amount of
     stock acquired

       76 

8)   (INSIGNIFICANT%)
    of issued Class


9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

     ORDINARY 25p SHARES

12)  Price per share

     281p

13)  Date of transaction

      9.07.99

14)  Date company informed

     20.10.99

15)  Total holding following this notification

      50,000

16)  Total percentage holding of issued class following 
     this notification      

      0.02%

      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

      G S RICE - 0171 410 4469



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


     Date of Notification....20 OCTOBER 1999.............


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

     THE CITY OF LONDON INVESTMENT TRUST PLC

2)   NAME OF DIRECTOR

     S J TITCOMB

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest
 
     THE SPOUSE OF THE DIRECTOR NAMED IN 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)

      HENDERSON NOMINEES LIMITED 

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

      THE SPOUSE OF THE DIRECTOR NAMED 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

     BENEFICIAL SALE MADE THROUGH THE HENDERSON INVESTORS CITY OF LONDON PEP

7)   Number of shares/amount of
     stock acquired

      
8)   ( N/A %)
    of issued Class

9)   Number of shares/amount
     of stock disposed

      17,785

10)  (0.01%)
    of issued Class

11)  Class of security

     ORDINARY 25p SHARES

12)  Price per share

     257p

13)  Date of transaction

     20.10.99

14)  Date company informed

     20.10.99

15)  Total holding following this notification

      50,000

16)  Total percentage holding of issued class following 
     this notification      

      0.02%

      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

      G S RICE - 0171 410 4469

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


     Date of Notification....20 OCTOBER 1999.............


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

     THE CITY OF LONDON INVESTMENT TRUST PLC

2)   NAME OF DIRECTOR

     R D C HUBBARD

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest
 
     DIRECTOR 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)

      HENDERSON NOMINEES LIMITED A/C PEPs

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 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

     GENERAL PEP: NON-DISCRETIONARY REINVESTMENT OF INCOME

7)   Number of shares/amount of
     stock acquired

      49  

8)   (INSIGNIFICANT%)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

     ORDINARY 25p SHARES

12)  Price per share

     264p

13)  Date of transaction

     05.10.99

14)  Date company informed

     19.10.99

15)  Total holding following this notification

       7,432

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

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

      G S RICE - 0171 410 4469

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


     Date of Notification....20 OCTOBER 1999.............


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

     THE CITY OF LONDON INVESTMENT TRUST PLC

2)   NAME OF DIRECTOR

     G DUNCAN   

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest
 
     DIRECTOR 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)

      HENDERSON NOMINEES LIMITED A/C PEPs

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  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

     GENERAL PEP: NON-DISCRETIONARY REINVESTMENT OF INCOME

7)   Number of shares/amount of
     stock acquired

      179

8)   (INSIGNIFICANT%)
    of issued Class


9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

     ORDINARY 25p SHARES

12)  Price per share

     264p

13)  Date of transaction

     05.10.99

14)  Date company informed

     19.10.99

15)  Total holding following this notification

      29,516

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

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

      G S RICE - 0171 410 4469



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


     Date of Notification....20 OCTOBER 1999.............

                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

     THE CITY OF LONDON INVESTMENT TRUST PLC

2)   NAME OF DIRECTOR

     S J TITCOMB

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest
 
      DIRECTOR  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)

      HENDERSON NOMINEES LIMITED A/C PEPs

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 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

     GENERAL PEP/NON-DISCRETIONARY REINVESTMENT OF INCOME

7)   Number of shares/amount of
     stock acquired

      332

8)   (INSIGNIFICANT%)
    of issued Class


9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

     ORDINARY 25p SHARES

12)  Price per share

     264p

13)  Date of transaction

     05.10.99

14)  Date company informed

     19.10.99

15)  Total holding following this notification

      67,365

16)  Total percentage holding of issued class following 
     this notification      

      0.03%

      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

      G S RICE - 0171 410 4469

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


     Date of Notification....20 OCTOBER 1999.............