Director Shareholding

Lindsell Train Investment Trust PLC
25 July 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) The Lindsell Train Investment Trust plc



2) Michael Lindsell


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

   NOTIFICATION IN RESPECT OF SHAREHOLDER NAMED IN 2 ABOVE - BENEFICIAL INTEREST


4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

   HSBC GLOBAL CUSTODY NOMINEE (UK) 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)



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

7) Number of shares/amount of stock acquired


   50

8) Percentage of issued class

   0.02%

9) Number of shares/amount
of stock disposed



10) Percentage of issued class


11) Class of security

    ORDINARY SHARES 25P

12) Price per share

     £97.00

13) Date of transaction

    24th July 2002

14) Date company informed

    24th July 2002

15) Total holding following this notification


    10,305

16) Total percentage holding of issued class following this notification

    5.15%


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

CLINT TUCKEY 01277 201222

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



Phoenix Administration Services Limited
Date of Notification: 25th July 2002






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