Director Shareholding

Perpetual UK Smaller Co's IT PLC
19 September 2001


SCHEDULE 11
  

HEADLINE:     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
 
 
1)   Name of company
 
     PERPETUAL UK SMALLER COMPANIES INVESTMENT TRUST PLC
 
2)   Name of director
 
     A.L.M. O'HARE
 
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 a non-beneficial interest 
 
     DIRECTOR'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) 
     
     RBSTB (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) 
 
     MRS L.A. O'HARE
 
6)   Please state the nature of the transaction. For PEP transactions please    
     indicate whether general/single co PEP and if discretionary/non            
     discretionary 
 
     SAVINGS AND INVESTMENT PLAN
 
7)   Number of shares/amount of stock acquired
 
     49

8)   Percentage of issued class
 
     0.00%
 
9)   Number of shares/amount of stock disposed
 
     NOT APPLICABLE
 
10)  Percentage of issued class
 
     NOT APPLICABLE
 
11)  Class of security
 
     ORDINARY
 
12)  Price per share
 
     408.00p
 
13)  Date of transaction
 
     17 SEPTEMBER 2001
 
14)  Date company informed
 
     18 SEPTEMBER 2001
 
15)  Total holding following this notification
 
     14,963
 
16)  Total percentage holding of issued class following this notification
 
     0.11%
 
17)  Name of contact and telephone number for queries
 
     JO MILNER
     020 7454 3691

18)  Name and signature of authorised company official responsible for making 
this notification
 
     ALEX CAMPBELL
     For INVESCO ASSET MANAGEMENT LIMITED - SECRETARIES
 
 
Date of Notification
18 SEPTEMBER 2001