Director Shareholding

Mercury Keystone Inv Trust PLC
8 December 2000

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Mercury Keystone Investment Trust plc

2) Name of director

John Peter Abercromby Readman

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

1. notification in respect shareholder above

2. holding of 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)

Nutraco 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)

1. J P A Readman

2. Mrs J Readman

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

Investment in ISA


7) Number of shares/amount of
stock acquired

1. J P A Readman - 633 ordinary shares of 50p each

2. Mrs J Readman - 633 ordinary shares of 50p each

8) Percentage of issued class

1. 0.004
2. 0.004


9) Number of shares/amount
of stock disposed

nil

10) Percentage of issued class

nil

11) Class of security

Ordinary Shares of 50p each

12) Price per share

1100 pence

13) Date of transaction

8 December 2000

14) Date company informed

8 December 2000

15) Total holding following this notification

1,266 beneficial

1,129 non beneficial


16) Total percentage holding of issued class following this notification

0.008% beneficial

0.008% non beneficial



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

Miss H M Harvey - 020 7743 5307

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

Date of Notification.8.12.00.................................