Dividend Declaration, etc

British & American Inv Trust PLC
20 December 2001

     Special Dividend, Auditors, Company Secretary and Registered Office



 1. Special Dividend


    The Board of British & American Investment Trust PLC announces the payment
    of a special dividend of 2.5 pence per £1 Ordinary share on 30th January
    2002 to shareholders on the register on 4th January 2002. This is the
    final instalment of four special dividends paid following the
    reconstruction in 2000 of one of the group's investments, Esporta PLC
    (formerly, First Leisure PLC).


 2. Auditors


    The Board has conducted a review of audit and tax advisory costs over
    recent years and as a result has appointed Deloitte & Touche to replace
    Andersen (formerly BDO Binder Hamlyn) as auditors and tax advisors to the
    group with immediate effect.     Deloitte & Touche are a leading firm of
    auditors with over 30 investment trust audit clients in the UK. Deloitte &
    Touche will audit the group's full year results to 31st December 2001 and
    their appointment will be submitted to the next AGM for confirmation as is
    customary. The Board thanks Andersen for its longstanding assistance over
    many years.


 3. Company Secretary


    On 19th December 2001, Keith Williams, ACA, previously head of finance of
    World Investor Link Ltd, part of the WILink.com plc group, was appointed
    company secretary following the retirement of David Humphrey. The Board
    thanks David Humphrey for the 10 years of service he provided to the
    group.


 4. Registered Office


With effect from 19th December 2001, the registered office of British &
American Investment Trust PLC and its subsidiaries, BRITAM Investments Ltd,
British and American Films Ltd and British and American Investments has
changed to: Wessex House, 1 Chesham Street, London SW1X 8ND. Telephone: 0207
201 3100. Fax: [phone]. The change of registered address will not
involve any additional cost to the group.




Jonathan C. Woolf

Chairman

British & American Investment Trust PLC