Director Shareholding

Merrill Lynch UK Inv Tst PLC
10 January 2002

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Merrill Lynch UK 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

shareholder named above; Mrs Victoria Readman; non-beneficial interest as
trustee

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)

as above

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

purchases of ordinary shares on dividend re-investment

7) Number of shares/amount of
stock acquired

Total beneficial acquisition: 30
Total non-beneficial acquisition: 32

8) Percentage of issued class

Beneficial: 0.0002%
Non-beneficial: 0.0002%

9) Number of shares/amount
of stock disposed

n/a

10) Percentage of issued class

n/a

11) Class of security

Ordinary shares of 50p each

12) Price per share

Beneficial: £8.22p
Non-beneficial: £7.96p

13) Date of transaction

Beneficial: 24 December 2001
Non-beneficial: 20 December 2001

14) Date company informed

10 January 2002

15) Total holding following this notification

Beneficial: 1304
Non-beneficial: 1316

16) Total percentage holding of issued class following this notification

Beneficial: 0.009%
Non-beneficial: 0.009%

17) Any additional information

none

18) Name of contact and telephone number for queries

Miss H M Harvey - 020 7743 5307

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

Miss H M Harvey, Merrill Lynch Investment Managers Group Services Limited


Date of Notification...10 January 2002............................