Dividend Declaration

City of London Investment Trust PLC
5 April 2001



        5 April 2001

                       THE CITY OF LONDON INVESTMENT TRUST PLC

                                 Dividend Resolutions

        The board of The City of London Investment Trust plc Announces:

        a)     Dividend on the Ordinary Shares

        That a third interim dividend of 1.84p per Ordinary Share of 25p, in
        respect of the year ending 30 June 2001, will be paid on 31 May 2001
        to holders registered at the close of business on 27 April 2001.



                                    -ENDS-

For further information please contact:

Job Curtis

Portfolio Manager

The City of London Investment Trust plc

Telephone: [phone]



Alex Crooke

Deputy Portfolio Manager

The City of London Investment Trust plc

Telephone: [phone]



Vicki Staveacre

Henderson Press Office

Telephone: [phone]