Directors' Notification of Dealing in Shares

Alliance Trust PLC
31 May 2000


CONTACT           MR IAN GODDARD (01382 201700)


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

NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. WILLIAM BERRY    

TYPE OF TRANSACTION          REDUCTION IN NON-BENEFICIAL INTERESTS
                             FOLLOWING RESIGNATION AS TRUSTEE.

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDERS   CASTLE STREET NOMINEES LIMITED
                             ACCOUNT 786

NUMBER OF STOCK UNITS        10,240

PRICE PER STOCK UNIT         NOT APPLICABLE - NO TRANSFER OF SHARES

DATE OF TRANSACTION          29 MAY 2000

DATE COMPANY INFORMED        30 MAY 2000     

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             11,988

TOTAL PERCENTAGE             0.02%
OF ISSUED CLASS


THIS ANNOUNCEMENT IS ONE OF A SERIES RELATING TO MR WILLIAM BERRY'S
RETIREMENT AS A TRUSTEE FROM A LARGE NUMBER OF TRUSTS, MANY OF WHICH
ARE HOLDERS OF ALLIANCE TRUST PLC STOCK.  IT HAS BEEN BROUGHT TO OUR
ATTENTION THAT THE REDUCTION IN MR BERRY'S NON-BENEFICIAL
SHAREHOLDINGS ARE BEING REFERRED TO BY SOME PARTIES AS SALES.  IN ALL
CASES THIS IS NOT CORRECT AS THE REDUCTIONS COME AS A RESULT OF MR
BERRY'S RETIREMENT AS A TRUSTEE AND NOT AS A RESULT OF SALE OF STOCK.

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         31 MAY 2000