Directors' Dealings

Foreign & Col. Pacific Inv Tst PLC
5 November 1999

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    FOREIGN & COLONIAL PACIFIC INVESTMENT TRUST PLC

2)  NAME OF DIRECTOR

    ALAN DAVIS

3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or 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)

    HENDERSON NOMINEES LIMITED PEP A/C

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

    AS ABOVE

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

    PURCHASE UNDER PERSONAL EQUITY PLAN - DIVIDEND REINVESTMENT

7)  Number of shares/amount of
    stock acquired

    528

8)   (0.00023% )
     of issued Class

9)  Number of shares/amount
    of stock disposed



10)  (    % )
     of issued Class

11) Class of security

    ORDINARY SHARES OF 25P

12) Price per share

    162P

13) Date of transaction

    5 NOVEMBER 1999

14) Date company informed

    5 NOVEMBER 1999

15) Total holding following this notification

    23,139

16) Total percentage holding of issued class following this notification

    0.01%

     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

    PURCHASE ARISES FROM ACCUMULATION AND REINVESTMENT OF DIVIDENDS IN MANAGED
    PORTFOLIO PEP

24) Name of contact and telephone number for queries

    H.N. POTTER - 0171 825 2315

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

    Date of Notification...5 NOVEMBER 1999...........