Purchase of Own Securities

City of London Investment Trust PLC
18 February 2000
                            
                             
            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 4 November 1999 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 214.5p per share.

Following  the  purchase  and  cancellation  of  the  above
shares, 210,299,303 ordinary shares of 25p each will remain
in issue.



For further information please contact:

Job Curtis/Alex Crooke
The City of London Investment Trust plc
Telephone: [phone]

or

Vicki Staveacre/Martin Wade
The Press Office
Henderson Investors
Telephone: [phone]