Director Shareholding

Foreign & Colonial Eurotrust PLC
27 December 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

 1. Name of company

    Foreign & Colonial Eurotrust PLC

    2) Name of director

    John Antony Dick

    3) Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder if it is a
    holding of that person's spouse or children under the age of 18 or in
    respect of a non-beneficial interest

    As in 2

    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 Ltd

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

    N/A

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

    Purchase of shares under the F&C ISA Scheme made on Mr J A Dick's behalf
    by the administrator thereof, 'Cogent'.

    7) Number of shares/amount of
    stock acquired

    16

    8) Percentage of issued class

    0.00002

    9) Number of shares/amount
    of stock disposed

    N/A

    10) Percentage of issued class

    N/A

    11) Class of security

    Ordinary shares of 25p each

    12) Price per share

    4.85p

    13) Date of transaction

    24th December 2001

    14) Date company informed

    24th December 2001

    15) Total holding following this notification

    9,099

    16) Total percentage holding of issued class following this notification

    0.012

    If a director has been granted options by the company please complete the
    following boxes

    17) Date of grant

    N/A

    18) Period during which or date on which exercisable

    N/A

    19) Total amount paid (if any) for grant of the option

    N/A

    20) Description of shares or debentures involved: class, number

    N/A

    21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise


        N/A

        22) Total number of shares or debentures over which options held
        following this notification

        N/A

        23) Any additional information

        24) Name of contact and telephone number for queries

        Tracey Bennett
        Tel: [phone]


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

        Tracey Bennett

        For and on behalf of

        F&C Management Limited, Secretary


        Date of Notification

        27th December 2001