Directors' Dealings

Foreign & Colonial PEP&ISA Investment Trust
11 February 2000

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    FOREIGN & COLONIAL PEP AND ISA INVESTMENT TRUST PLC

2)  NAME OF DIRECTOR

    PETER BERNARD HARDY

3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a 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 PEP AND ISA SCHEMES
    MADE ON MRS HARDY'S BEHALF BY THE ADMINISTRATOR THEREOF, 'COGENT'.

7)  Number of shares/amount of
    stock acquired

    608

8)   (LESS THAN 0.01%)
    of issued Class

9)  Number of shares/amount
    of stock disposed

    N/A

10)  (N/A %)
   of issued Class

11) Class of security

    ORDINARY SHARES OF 25P

12) Price per share

    £1.64

13) Date of transaction

    10 FEBRUARY 2000

14) Date company informed

    10 FEBRUARY 2000 - P.M.

15) Total holding following this notification

    78,356

16) Total percentage holding of issued class following this notification

    0.15%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

    N/A

18) Period during which or date on which exercisable

    N/A

19) Total amount paid (if any) for grant of the option

    N/A

20) Description of shares or debentures involved: class, number.

    N/A

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

    N/A

22) Total number of shares or debentures over which options held
    following this notification

    N/A

23) Any additional information

    N/A

24) Name of contact and telephone number for queries

    R.F. VALLANCE     0171 628 8000 ext 2258

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

    Date of Notification......11 FEBRUARY 2000.................



                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    FOREIGN & COLONIAL PEP AND ISA INVESTMENT TRUST PLC

2)  NAME OF DIRECTOR

    PETER BERNARD HARDY

3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a 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 PEP AND ISA SCHEMES
    MADE ON MR HARDY'S BEHALF BY THE ADMINISTRATOR THEREOF, 'COGENT'.

7)  Number of shares/amount of
    stock acquired

    607

8)   (LESS THAN 0.01%)
    of issued Class

9)  Number of shares/amount
    of stock disposed

    N/A

10)  (N/A %)
   of issued Class

11) Class of security

    ORDINARY SHARES OF 25P

12) Price per share

    £1.64

13) Date of transaction

    10 FEBRUARY 2000

14) Date company informed

    10 FEBRUARY 2000 - P.M.

15) Total holding following this notification

    78,963

16) Total percentage holding of issued class following this notification

    0.15%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

    N/A

18) Period during which or date on which exercisable

    N/A

19) Total amount paid (if any) for grant of the option

    N/A

20) Description of shares or debentures involved: class, number.

    N/A

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

    N/A

22) Total number of shares or debentures over which options held
    following this notification

    N/A

23) Any additional information

    N/A

24) Name of contact and telephone number for queries

    R.F. VALLANCE     0171 628 8000 ext 2258

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

    Date of Notification......11 FEBRUARY 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 Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a 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 PEP AND ISA SCHEME
    MADE ON MR ROSS RUSSELL'S BEHALF BY THE ADMINISTRATOR THEREOF, 'COGENT'.

7)  Number of shares/amount of
    stock acquired

    121

8)   (LESS THAN 0.01%)
    of issued Class

9)  Number of shares/amount
    of stock disposed

    N/A

10)  (N/A %)
   of issued Class

11) Class of security

    ORDINARY SHARES OF 25P

12) Price per share

    £1.64

13) Date of transaction

    10 FEBRUARY 2000

14) Date company informed

    10 FEBRUARY 2000 - P.M.

15) Total holding following this notification

    35,085

16) Total percentage holding of issued class following this notification

    0.07%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

    N/A

18) Period during which or date on which exercisable

    N/A

19) Total amount paid (if any) for grant of the option

    N/A

20) Description of shares or debentures involved: class, number.

    N/A

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

    N/A

22) Total number of shares or debentures over which options held
    following this notification

    N/A

23) Any additional information

    N/A

24) Name of contact and telephone number for queries

    R.F. VALLANCE     0171 628 8000 ext 2258

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

    Date of Notification......11 FEBRUARY 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 Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a 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 PEP AND ISA SCHEME
    MADE ON MRS ROSS RUSSELL'S BEHALF BY THE ADMINISTRATOR THEREOF, 'COGENT'.

7)  Number of shares/amount of
    stock acquired

    121

8)   (LESS THAN 0.01%)
    of issued Class

9)  Number of shares/amount
    of stock disposed

    N/A

10)  (N/A %)
   of issued Class

11) Class of security

    ORDINARY SHARES OF 25P

12) Price per share

    £1.64

13) Date of transaction

    10 FEBRUARY 2000

14) Date company informed

    10 FEBRUARY 2000 - P.M.

15) Total holding following this notification

    35,206

16) Total percentage holding of issued class following this notification

    0.07%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

    N/A

18) Period during which or date on which exercisable

    N/A

19) Total amount paid (if any) for grant of the option

    N/A

20) Description of shares or debentures involved: class, number.

    N/A

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

    N/A

22) Total number of shares or debentures over which options held
    following this notification

    N/A

23) Any additional information

    N/A

24) Name of contact and telephone number for queries

    R.F. VALLANCE     0171 628 8000 ext 2258

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

    Date of Notification......11 FEBRUARY 2000.................