Directors' Dealings

City of London Investment Trust PLC
10 January 2000

                       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

202

8)   (    % )
    of issued Class

INSIGNIFICANT

9)  Number of shares/amount
    of stock disposed


10)  (    % )
   of issued Class


11) Class of security

ORDINARY 25P SHARES

12) Price per share

249P

13) Date of transaction

06.01.00

14) Date company informed

07.01.00

15) Total holding following this notification

29,950

16) Total percentage holding of issued class following this notification

0.014%

     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

G S RICE - 0171 410 4469

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

    Date of Notification...10 JANUARY 2000....



                       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

42 AND 190

8)   (    % )
    of issued Class

INSIGNIFICANT

9)  Number of shares/amount
    of stock disposed


10)  (    % )
   of issued Class


11) Class of security

ORDINARY 25P SHARES

12) Price per share

281P AND 285P

13) Date of transaction

09.07.99 AND 14.07.99

14) Date company informed

07.01.00

15) Total holding following this notification

29,950

16) Total percentage holding of issued class following this notification

0.014%

     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

G S RICE - 0171 410 4469

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

    Date of Notification...10 JANUARY 2000....


                       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

59

8)   (    % )
    of issued Class

INSIGNIFICANT

9)  Number of shares/amount
    of stock disposed


10)  (    % )
   of issued Class


11) Class of security

ORDINARY 25P SHARES

12) Price per share

249P

13) Date of transaction

06.01.00

14) Date company informed

07.01.00

15) Total holding following this notification

7,559

16) Total percentage holding of issued class following this notification

0.004%

     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

G S RICE - 0171 410 4469

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

    Date of Notification...10 JANUARY 2000....



                       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

13 AND 55

8)   (    % )
    of issued Class

INSIGNIFICANT

9)  Number of shares/amount
    of stock disposed


10)  (    % )
   of issued Class


11) Class of security

ORDINARY 25P SHARES

12) Price per share

281P AND 285P

13) Date of transaction

09.07.99 AND 14.07.99

14) Date company informed

07.01.00

15) Total holding following this notification

7,559

16) Total percentage holding of issued class following this notification

0.004%

     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

G S RICE - 0171 410 4469

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

    Date of Notification...10 JANUARY 2000....