Director Shareholding

Merrill Lynch UK Inv Tst PLC
8 May 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Merrill Lynch UK Investment Trust plc

2) Name of director

Richard John Oldfield

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

shareholder named above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

Nutraco 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)

n/a

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 ordinary shares

7) Number of shares/amount of
stock acquired

2000

8) Percentage of issued class

0.014%

9) Number of shares/amount
of stock disposed

n/a

10) Percentage of issued class

n/a

11) Class of security

Ordinary shares of 50p each

12) Price per share

£10.40p

13) Date of transaction

1 May 2001

14) Date company informed

8 May 2001

15) Total holding following this notification

3780 ordinary shares

16) Total percentage holding of issued class following this notification

0.027%

17) Any additional information

none

18) Name of contact and telephone number for queries

Miss H M Harvey - 020 7743 5307

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

Miss H M Harvey, Merrill Lynch Investment Managers Group Services Limited


Date of Notification...8 May 2001...............................