Director Shareholding

Merrill Lynch Greater Europe IT PLC
07 October 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Merrill Lynch Greater Europe Investment Trust plc

2) Name of director

Mr Gerry Holtham

3) Please state whether notification indicates that it is in respect of
holding of the shareholder 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

Above named director

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

Mr Gerry Holtham

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 of ordinary shares

Acquisition of ordinary shares in an ISA account in the name of Mr Gerry Holtham

7) Number of shares/amount of stock acquired

7,000

8) Percentage of issued class

0.004%

9) Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

Ordinary shares of 0.1p each

12) Price per share

0.9575p

13) Date of transaction

7 October 2004

14) Date company informed

7 October 2004

15) Total holding following this notification

7,000 ordinary shares

16) Total percentage holding of issued class following this notification

0.004%

17) Any additional information

None

18) Contact name for queries

Ms R M Nicholson

19) Contact telephone number

020 7743 2430

20) Name of authorised company official responsible for making notification

Ms R M Nicholson, Merrill Lynch Investment Managers Group Services Limited
Secretary


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