Dividend Declaration

TR Property Investment Trust PLC
26 November 1999


                             
             TR PROPERTY INVESTMENT TRUST PLC
                             
                     Interim Dividend
                             
The  interim dividend of 0.52p per share announced with the
interim  results  will  be payable on  8  January  2000  to
shareholders  on  the register on 10  December  1999.   The
Company's  shares will be quoted ex-dividend on 6  December
1999.


For further information please contact:


Neil Taylor
Henderson Investors
Telephone: [phone]