Director Shareholding

Merrill Lynch UK Inv Tst PLC
18 October 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

John Peter Abercromby Readman

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

Non-beneficial, notification in respect of child under 18's interest through a
trust

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

Northern & Midland 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)

as above

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

Reinvestment of dividends paid in December 2000 and June 2001

7) Number of shares/amount of stock acquired

155

8) Percentage of issued class

0.001%

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

unknown

13) Date of transaction

unknown (December 2000 and June 2001)

14) Date company informed

18 October 2001

15) Total holding following this notification

1,284 ordinary shares (non-beneficial)
1,274 ordinary shares (beneficial)

16) Total percentage holding of issued class following this notification

0.009% (non-beneficial)
0.009% (beneficial)

17) Any additional information

Increase in non-beneficial interest due to dividend reinvestments in December
2000 and June 2001 - Director only became aware of increased holding of the
trust on 17 October 2001.

18) Name of contact and telephone number for queries

Miss A J Marsh - 020 7743 5430

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

Miss A J Marsh, Merrill Lynch Investment Managers Group Services Limited


Date of Notification...18 October 2001...............................