Purchase of Own Sec.-Replcmnt

City of London Investment Trust PLC
16 February 2001

This announcement replace RNS number 0643Z released on 16 February 2001 - the
date of the announcement was wrong.



THE CITY OF LONDON INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

16 FEBRUARY 2001




     THE CITY OF LONDON INVESTMENT TRUST PLC




     Market Purchase by the Company of its own Ordinary Shares



The City of London Investment Trust plc hereby gives notification that,
pursuant to the authority granted to the Company at the Annual General Meeting
on 2 November 2000 to make market purchases of the Company's own shares, a
market purchase of 50,000 ordinary shares of 25p each of the Company was made
today at a price of 244.00p per share.


Following the purchase and cancellation of the above shares, 205,731,018
ordinary shares of 25p each will remain in issue.


                                   - ENDS-


For further information please contact:


Job Curtis/Alex Crooke

The City of London Investment Trust plc

Telephone: [phone]


or


Vicki Staveacre

The Press Office

Henderson Investors

Telephone: [phone]