Directors' Dealings

ALLIANCE TRUST PLC
6 October 1999


DIRECTORS' INTERESTS IN SECURITIES
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NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. GAVIN R SUGGETT

TYPE OF TRANSACTION          PURCHASE (SELF THROUGH THE ALLIANCE
                             SELECT ISA AND NON BENEFICIAL AS
                             TRUSTEE THROUGH THE ALLIANCE INVESTMENT PLAN)

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    ALLIANCE TRUST SAVINGS NOMINEES LIMITED


NUMBER OF STOCK UNITS        22 (1 SELF, 21 TRUSTEE)

PRICE PER STOCK UNIT         £29.8500

DATE OF TRANSACTION          5TH OCTOBER 1999

DATE COMPANY INFORMED        6TH OCTOBER 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             9,415

TOTAL PERCENTAGE             0.02%
OF ISSUED CLASS



NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. WILLIAM BERRY

TYPE OF TRANSACTION          PURCHASE (SPOUSE THROUGH THE ALLIANCE
                             PERSONAL EQUITY PLAN)

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    ALLIANCE TRUST SAVINGS NOMINEES LIMITED

NUMBER OF STOCK UNITS        3

PRICE PER STOCK UNIT         £29.8500

DATE OF TRANSACTION          5TH OCTOBER 1999

DATE COMPANY INFORMED        6TH OCTOBER 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             52,955

TOTAL PERCENTAGE             0.11%
OF ISSUED CLASS



NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR BRUCE W M JOHNSTON

TYPE OF TRANSACTION          PURCHASE (SELF THROUGH THE ALLIANCE SELECT ISA)

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    ALLIANCE TRUST SAVINGS NOMINEES LIMITED

NUMBER OF STOCK UNITS        1

PRICE PER STOCK UNIT         £29.8500

DATE OF TRANSACTION          5TH OCTOBER 1999

DATE COMPANY INFORMED        6TH OCTOBER 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             15,588

TOTAL PERCENTAGE             0.03%
OF ISSUED CLASS



NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR ANDREW F THOMSON

TYPE OF TRANSACTION          PURCHASE (SELF AND SPOUSE THROUGH THE
                             ALLIANCE PERSONAL EQUITY PLAN)

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    ALLIANCE TRUST SAVINGS NOMINEES LIMITED

NUMBER OF STOCK UNITS        10 ( 5 SELF, 5 SPOUSE)

PRICE PER STOCK UNIT         £29.8500

DATE OF TRANSACTION          5TH OCTOBER 1999

DATE COMPANY INFORMED        6TH OCTOBER 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             162,766

TOTAL PERCENTAGE             0.32%
OF ISSUED CLASS



NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR ALAN M W YOUNG

TYPE OF TRANSACTION          PURCHASE (SELF AND SPOUSE THROUGH THE
                             ALLIANCE PERSONAL EQUITY PLAN)

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    ALLIANCE TRUST SAVINGS NOMINEES LIMITED

NUMBER OF STOCK UNITS        12 (6 SELF, 6 SPOUSE)

PRICE PER STOCK UNIT         £29.8500

DATE OF TRANSACTION          5TH OCTOBER 1999

DATE COMPANY INFORMED        6TH OCTOBER 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             1,940

TOTAL PERCENTAGE             0.004%
OF ISSUED CLASS

THIS NOTIFICATION DOES NOT RELATE TO DEALINGS BY PERSONS OTHERWISE
CONNECTED WITH THE NAMED DIRECTORS.

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE

DATE OF NOTIFICATION         6TH OCTOBER 1999