Purchase of Own Securities

City of London Investment Trust PLC
18 October 2000

                               
   Market Purchase by the Company of its own Ordinary Shares

The   City  of  London  Investment  Trust  plc  hereby   gives
notification  that, pursuant to the authority granted  to  the
Company  at the Annual General Meeting on 4 November  1999  to
make  market purchases of the Company's own shares,  a  market
purchase of 35,000 ordinary shares of 25p each of the  Company
was made today at a price of 227.357p per share.

Following  the purchase and cancellation of the above  shares,
206,416,018 ordinary shares of 25p each will remain in issue.

For further information please contact:

Job Curtis/Alex Crooke
The City of London Investment Trust plc
Telephone: [phone]

or

Vicki Staveacre
The Press Office
Henderson Investors
Telephone: [phone]