Director Shareholding

Bankers Investment Trust PLC
27 January 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
 THE BANKERS INVESTMENT TRUST PLC



2. Name of director
 JAMES MORLEY



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 ABOVE - 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)
 LLOYDS TSB REGISTRARS SAVINGS 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
 BENEFICIAL SHARE PURCHASE THROUGH HENDERSON INVESTMENT TRUST SHARE PLAN



7. Number of shares / amount of stock acquired
 184



8. Percentage of issued class
 INSIGNIFICANT



9. Number of shares/amount of stock disposed
 -



10. Percentage of issued class
 -



11. Class of security
 ORDINARY SHARE



12. Price per share
 268P



13. Date of transaction
26 JANUARY 2004



14. Date company informed
27 JANUARY 2004



15. Total holding following this notification
 20,718



16. Total percentage holding of issued class following this notification
 0.016%



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
 -



24. Name of contact and telephone number for queries
 NICOLE MONIR - 020 7818 4468



25. Name and signature of authorised company official responsible for making
this notification
 NICOLE MONIR, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED, SECRETARY



Date of Notification
27 JANUARY 2004



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