Director/PDMR Shareholding

Lindsell Train Investment Trust PLC
26 March 2007

         NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING

                 MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

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



1. Name of the issuer


THE LINDSELL TRAIN INVESTMENT TRUST PLC



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


DTR 3.1.4R (1)(a)



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






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 PERSON NAMED IN 3. 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



8. State the nature of the transaction


MARKET PURCHASE OF SHARES



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


425



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


0..21%



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


£158 PER SHARE




14. Date and place of the transaction


23 March 2007 LONDON



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


NICHOLAS TRAIN  -  10,829 (5.41%) ELIZABETH TRAIN  -  209  (0.10%)



16. Date issuer informed of the transaction


23 March 2007



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


T Smith, PHOENIX ADMINISTRATION SERVICES LIMITED,  01245 398950



Date of Notification


26 March 2007








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