Holding in Company

Electra Investment Trust PLC
11 August 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     ELECTRA INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED

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

     IN RESPECT OF SHAREHOLDER NAMED IN 2 ABOVE

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

     SEE BELOW

5)   Number of shares/amount of stock acquired.

      NIL

6)   ( NIL %) of issued Class

7)   Number of shares/amount of stock disposed

      20,000

8)   (0.03 %) of issued Class

9)   Class of security

      ORDINARY SHARES OF 25P EACH

10)  Date of transaction

      8 AUGUST 2000

11)  Date company informed

     10 AUGUST 2000

12)  Total holding following this notification

     2,417,836 ORDINARY SHARES OF 25P EACH
               
13)  Total percentage holding of issued class following this notification

      3.00%

14)  Any additional information

     DISCLOSURE MADE POST RECENT CHANGE IN ISSUED
     CAPITAL OF ELECTRA INVESTMENT TRUST PLC

15)  Name of contact and telephone number for queries

     KAY ROONEY,  020 7306 3945

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

     HALH MUMFORD, AUTHORISED COMPANY OFFICIAL

     Date of Notification ...11 AUGUST 2000.....



                       ELECTRA INVESTMENT TRUST PLC

         Supplementary Information to Disclosure of Interest in Shares
                  Legal & General Investment Management Limited

Box 4.

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

HSBC Global Custody Nominee (UK) Limited a/c 775180          54,665
HSBC Global Custody Nominee (UK) Limited a/c 775245         458,703
HSBC Global Custody Nominee (UK) Limited a/c 360509          54,324
HSBC Global Custody Nominee (UK) Limited a/c 866203          60,000
HSBC Global Custody Nominee (UK) Limited a/c 357206       1,790,144

                                                          2,417,836