Interest Payment

Scottish American Investment Co PLC
13 April 2000


THE SCOTTISH AMERICAN INVESTMENT COMPANY PLC

Interest on the Equities Index Unsecured Loan Stock 2004 for the period 1st
January to 31st March 2000 has been calculated at pounds sterling 19.91 per
1,000 units of stock.  Interest will be paid on 14th April 2000 to holders
registered on 31st March 2000.