Director Shareholding

Alliance Trust PLC
20 October 2000


DIRECTOR'S INTERESTS IN SECURITIES
----------------------------------

NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. ALAN M. W. YOUNG    

TYPE OF TRANSACTION          INCREASE IN BENEFICIAL INTERESTS        
                             FOLLOWING PURCHASE OF SHARES (WITHIN
                             ISA PURSUANT TO REGULAR STANDING ORDER  
                             AND STANDING ELECTION) BY SELF AND      
                             SPOUSE.
  
CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    ALLIANCE TRUST SAVINGS NOMINEES LIMITED

NUMBER OF STOCK UNITS        62 (31 SELF, 31 SPOUSE)

PRICE PER STOCK UNIT         £32.3300

DATE OF TRANSACTION          19TH OCTOBER 2000

DATE COMPANY INFORMED        20TH OCTOBER 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             2,039 

TOTAL PERCENTAGE             0.004%
OF ISSUED CLASS


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

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE.

DATE OF NOTIFICATION          20TH OCTOBER 2000