Dividend Declaration-Amend

City of London Investment Trust PLC
17 February 2003

The issuer advises that the following replaces the Dividend Declaration
announcement released on Thursday 13 February 2003 at 15.13 under RNS number
4707H.


The announcement has been amended to say that the dividend will be paid on
Friday 30 May 2003 rather than Saturday 31 May 2003 as previously stated.


The rest of the text remains unchanged. The full amended text appears below.


17 February 2003



                    THE CITY OF LONDON INVESTMENT TRUST PLC


                              DIVIDEND RESOLUTION


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


Third Interim Dividend on the Ordinary Shares


That a third interim dividend of 2.00p per Ordinary Share of 25p, in respect of
the year ending 30 June 2003, be paid on Friday 30 May 2003 to holders
registered at the close of business on 7 March 2003. The Company's shares will
go ex-dividend on 5 March 2003.


                                     -ENDS-



For further information please contact:

Job Curtis

Portfolio Manager, The City of London Investment Trust plc

Telephone: [phone]

Stephen Westwood

Head of Investment Trusts, Henderson Global Investors

Telephone: [phone]

Stephen Phillips

Investor Relations Manager, Henderson Global Investors

Telephone: [phone]


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