Director Shareholding

Foreign & Colonial PEP&ISA Inv Tst
3 October 2000

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

     FOREIGN & COLONIAL PEP AND ISA INVESTMENT TRUST PLC


2)  NAME OF DIRECTOR

     GRAHAM ROSS RUSSELL

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

     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

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

     IT RELATES TO THE DIRECTOR HIMSELF

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

     PURCHASE OF SHARES UNDER THE FOREIGN  & COLONIAL ISA SCHEME MADE ON
     MR ROSS RUSSELL'S BEHALF BY THE ADMINISTRATOR THEREOF, 'COGENT'

7)  Number of shares/amount of
    stock acquired

     8

8)   (N/A %)
    of issued Class

     LESS THAN 0.01%

9)  Number of shares/amount
    of stock disposed


10)  ( N/A %)
    of issued Class


11) Class of security

     ORDINARY SHARES OF 25p


12) Price per share

     £1.76

13) Date of transaction

     2 OCTOBER 2000

14) Date company informed

     2 OCTOBER 2000 -P.M.

15) Total holding following this notification

     47,532

16) Total percentage holding of issued class following this notification

     0.09%


     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

     R F VALLANCE - 020 7628 8000 EXT 2258

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

   Date of Notification     3 OCTOBER 2000                            



                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

     FOREIGN & COLONIAL PEP AND ISA INVESTMENT TRUST PLC
   
2)  NAME OF DIRECTOR

     GRAHAM ROSS RUSSELL

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

     THAT PERSON'S SPOUSE

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

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

     YES, THE DIRECTOR'S SPOUSE AS STATED ABOVE

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

     PURCHASE OF SHARES UNDER THE FOREIGN & COLONIAL ISA SCHEME MADE ON
     MRS ROSS RUSSELL'S BEHALF BY THE ADMINISTRATOR THEREOF, 'COGENT'

7)  Number of shares/amount of
    stock acquired

      9

8)   (N/A %)
    of issued Class

      LESS THAN 0.01%

9)  Number of shares/amount
    of stock disposed


10)  ( N/A %)
    of issued Class


11) Class of security

     ORDINARY SHARES OF 25p


12) Price per share

     £1.76

13) Date of transaction

     2 OCTOBER 2000

14) Date company informed

     2 OCTOBER 2000 - P.M.

15) Total holding following this notification

     47,541

16) Total percentage holding of issued class following this notification

     0.09%


     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

     R F VALLANCE - 020 7628 8000 EXT 2258

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

   Date of Notification      3 OCTOBER 2000