Director/PDMR Shareholding

Lindsell Train Investment Trust PLC
31 July 2006


         NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
                 MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

   To make a RIS notification as required by DR 3.1.4R(1) or DR 3.1.4l(1)(b)

1. Name of the issuer

THE LINDSELL TRAIN INVESTMENT TRUST PLC


2. State whether notification is under DR 3.1.4R(1)(a) or DR 3.1.4l(1)(b) (s324/
328 CA1985) or both

DR 3.1.4R


3. Name of the person discharging managerial responsibilities ('PDMR') /
director

NICHOLAS TRAIN


4. State whether the notification relates to a person connected with the PDMR /
Director and identify the connected person

NICHOLAS TRAIN AND ELIZABETH TRAIN


5. Indicate whether the notification is in respect of a holding by the person(s)
referred to in 3 or 4 above or in respect of a non-beneficial interest

IN RESPECT OF PERSONS NAMES IN 4 ABOVE


6. Description of shares (including class), debentures, derivatives or financial
instruments relating to shares

ORDINARY SHARES OF 75p EACH


7. Name of registered shareholder(s) and, if more than one, number of shares
held by each of them

NICHOLAS TRAIN  -  56
ELIZABETH TRAIN  -  64


8. State the nature of the transaction

MARKET PURCHASE OF SHARES


9. Number of shares, debentures or financial instruments relating to shares
acquired

120


10. Percentage of issued class acquired (treasury shares of that class being
disregarded)

0.06%


11. Number of shares, debentures or financial instruments relating to shares
disposed

N/A


12. Percentage of issued class disposed (treasury shares of that class being
disregarded)

N/A


13. Price per share or value of the transaction

£131 PER SHARE


14. Date and place of the transaction

31 JULY 2006, LONDON


15. Total holding following this notification and percentage (treasury shares
being disregarded)

NICHOLAS TRAIN  -  10,404 (5.20%)
ELIZABETH TRAIN  -  209  (0.10%)


16. Date issuer informed of the transaction

31 JULY 2006


If a PDMR / Director has been granted option(s) by the issuer complete the
following boxes

17. Date of grant




18. Period during which or date on which it can be exercised



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



20. Description of shares or debentures involved  (class and 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

DUNCAN HAYES, PHOENIX ADMINISTRATION SERVICES LIMITED,  01245 398950


Date of Notification

31 JULY 2006


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document or material and does not accept any liability for error or omission.
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for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.






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