Directors' Notification of Dealing in Shares

Mercury Keystone Inv Trust PLC
19 June 2000


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Mercury Keystone Investment Trust plc

2   Name of director:
Mr I S Steers

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:
Non-beneficial interest - trustee of a trust

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
Mr I S Steers, Mr M H J Hornby, Mr N G S Steers, Mr A J D Steers

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


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

7   Number of shares/amount of stock acquired:
54 Ordinary shares of 50p each

8   Percentage of issued class:
0.0003%

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:
1057p

13  Date of transaction:
19th June 2000

14  Date company informed:
19th June 2000

15  Total holding following this notification:
beneficial     - 7,000 ordinary shares of 50p each
non-beneficial - 5,789 ordinary shares of 50p each

16  Total percentage holding of issued class following this notification:
beneficial     - 0.05%
non-beneficial - 0.04%

If a director has been granted options by the company, please complete the
following fields:

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  Contact name for queries:
Miss T A Bennett

24  Contact telephone number:
020 7743 5307

25  Name of company official responsible for making notification:
Miss T A Bennett
for Mercury Asset Management Group Services Ltd
Secretary