Director Shareholding

Lindsell Train Investment Trust PLC
29 January 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) The Lindsell Train Investment Trust plc



2) Michael Mackenzie


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

 a. NOTIFICATION IN RESPECT OF SHAREHOLDER NAMED IN 2 ABOVE - BENEFICIAL
    INTEREST

 b. NOTIFICATION IN RESPECT OF SHAREHOLDER NAMED IN 2 ABOVE - NON BENEFICIAL
    INTEREST


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


a) HSBC GLOBAL CUSTODY NOMINEE (UK) LTD

 b. HSBC GLOBAL CUSTODY NOMINEE (UK) LTD

    5) Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)



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



    7) Number of shares/amount of
    stock acquired

    a) 250


    b) 4,000

    8) Percentage of issued class

    a) 0.125%

    b) 2.0%

    9) Number of shares/amount
    of stock disposed



    10) Percentage of issued class



    11) Class of security

    ORDINARY SHARES 25P

    12) Price per share

    £100.00

    13) Date of transaction

    22ND JANUARY 2001

    14) Date company informed

    26TH JANUARY 2001

    15) Total holding following this notification

    a) 250

    b) 4,000

    16) Total percentage holding of issued class following this notification

    a) 0.125%

    b) 2.0%

    If a director has been granted options by the company please complete the
    following boxes

    17) Date of grant



    18) Period during which or date on which exercisable



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



    20) Description of shares or debentures involved: class, 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

    CLINT TUCKEY 01277 201222

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

CLINT TUCKEY
Date of Notification..29TH.JANUARY.2001...........................