Director Shareholding

SCHEDULE 11                                  

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

All relevant boxes should be completed in block capital letters.

1. Name of company                   2. Name of director                       
                                                                               
   The Edinburgh Investment Trust       Scott Dobbie                           
   plc                                                                         

3. Please state whether notification 4. Name of the registered holder(s) and,  
   indicates that it is in respect      if more than one holder, the number of 
   of holding of the shareholder        shares held by each of them (if        
   named in 2 above or in respect of    notified)                              
   a non-beneficial interest or in                                             
   the case of an individual holder     Scott Jamieson Dobbie 73,853           
   if it is a holding of that                                                  
   person's spouse or children under    Not notified 362,416                   
   the age of 18 or in respect of an                                           
   non-beneficial interest                                                     
                                                                               
   Non-beneficial interest                                                     

5. Please state whether notification 6. Please state the nature of the         
   relates to a person(s) connected     transaction. For PEP transactions      
   with the director named in 2         please indicate whether general/single 
   above and identify the connected     co PEP and if discretionary/non        
   person(s)                            discretionary /non discretionary       
                                                                               
   Non-beneficial interest arising      Purchase of shares                     
   as a result of Mr Dobbie's                                                  
   membership of the Board of                                                  
   Trustees of The Cambridge                                                   
   Endowment for Research in                                                   
   Finance.                                                                    

7. Number of      8. Percentage of  9. Number of shares 10. Percentage of     
   shares/amount     issued class      /amount of stock     issued class      
   of stock                            disposed                               
   acquired          0.09%                                  N/A               
                                       N/A                                    
   220,000                                                                    

11. Class of       12. Price per      13. Date of         14. Date company     
    security           share              transaction         informed         
                                                                               
    ordinary 25p       305p               15 December         15 December 2003 
    shares                                2003                                 

15. Total holding following this     16. Total percentage holding of issued    
    notification                         class following this notification     
                                                                               
    436,269                              0.1797%                               

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                           
    N\A                                                                        
                                         N\A                                   

19. Total amount paid (if any) for   20. Description of shares or debentures   
    grant of the option                  involved: class, number               
                                                                               
    N\A                                  N\A                                   

21. Exercise price (if fixed at time 22. Total number of shares or debentures  
    of grant) or indication that         over which options held following this
    price is to be fixed at time of      notification                          
    exercise                                                                   
                                         N\A                                   
    N\A                                                                        

23. Any additional information       24. Name of contact and telephone number  
                                         for queries                           
    N\A                                                                        
                                         Sue Kelly - 01737 837345              

25. Name and signature of authorised company official responsible for making   
    this notification                                                          
                                                                               
    Sue Kelly, For and on behalf of Fidelity Investments International, Company
    Secretary                                                                  
                                                                               
Date of notification __15 December 2003 _________