Director Shareholding

City of London Investment Trust PLC
30 December 2004



                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


THE CITY OF LONDON INVESTMENT TRUST PLC



2. Name of director


A C RUSSELL



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


BENEFICIAL



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


LLOYDS TSB REGISTRARS SAVINGS NOMINEES LIMITED



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


NOT APPLICABLE



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


SHARES PURCHASED THROUGH THE HENDERSON INVESTMENT TRUST SHARE PLAN - 100% BENEFICIAL



7. Number of shares / amount of stock acquired


131 SHARES



8. Percentage of issued class


INSIGNIFICANT



9. Number of shares/amount of stock disposed


-



10. Percentage of issued class


-



11. Class of security


ORDINARY 25p SHARES



12. Price per share


218p



13. Date of transaction


29 DECEMBER 2004



14. Date company informed


30 DECEMBER 2004



15. Total holding following this notification


2,047 (BENEFICIAL)



16. Total percentage holding of issued class following this notification


IMMATERIAL



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


KRISTA BURWOOD - 020 7818 2966



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


KRISTA BURWOOD, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED, 
SECRETARY



Date of Notification


30 DECEMBER 2004






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