Directors' Notification of Dealing in Shares

Foreign & Colonial PEP&ISA Inv Tst
10 April 2000

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

     Foreign & Colonial PEP and ISA Investment Trust PLC

2)  NAME OF DIRECTOR

     Graham Ross Russell

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

     That Person's Spouse

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

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

     Yes, the Director's Spouse as stated 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 of shares under the Foreign & Colonial PEP and ISA schemes 
     made on Mrs Ross Russell's behalf by the administrator thereof, 'Cogent'

7)  Number of shares/amount of
    stock acquired

     4,187

8)   (less than 0.01% )
    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

     £1.66

13) Date of transaction

     6 April 2000

14) Date company informed

     10 April 2000

15) Total holding following this notification

     43,580

16) Total percentage holding of issued class following this notification

     0.09%

     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

    22 shares purchased via PEP scheme 
    4,165 shares purchased via ISA scheme

24) Name of contact and telephone number for queries

    R. F. Vallance  -  0171 628 8000   ext:  2258

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

    Date of Notification....10 April 2000



                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

     Foreign & Colonial PEP and ISA Investment Trust PLC

2)  NAME OF DIRECTOR

     Graham Ross Russell

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

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

     It relates to the director himself

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 Foreign & Colonial PEP and ISA schemes 
     made on Mr Ross Russell's behalf by the administrator thereof, 'Cogent'

7)  Number of shares/amount of
    stock acquired

     4,187

8)   (less than 0.01% )
    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

     £1.66

13) Date of transaction

     6 April 2000

14) Date company informed

     10 April 2000

15) Total holding following this notification

     39,393

16) Total percentage holding of issued class following this notification

     0.08%

     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

    22 shares purchased via PEP scheme 
    4,165 shares purchased via ISA scheme

24) Name of contact and telephone number for queries

    R. F. Vallance  -  0171 628 8000   ext:  2258

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

    Date of Notification....10 April 2000