Director Shareholding

Pacific Horizon Investment Tst PLC
24 September 2002

Schedule 11 - Notification of interests of Directors and Connected Persons.

 1. Name of Company:

PACIFIC HORIZON INVESTMENT TRUST PLC

 2. Name of Director:

MICHAEL HAMILTON

 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

 4. Name of 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):

NON BENEFICIAL ON BEHALF OF GRANDSON

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

INVESTMENT TRUST SHARE PLAN

 7. Number of shares/amount of stock acquired.



 8. Percentage of issued class:



 9. Number of shares/amount of stock disposed:

5,903

10. Percentage of issued class:

0.0077%

11. Class of security:

ORDINARY 10P SHARES

12. Price per share:

43.00p

13. Date of transaction:

29 JULY 2002

14. Date company informed:

29 JULY  2002

15. Total holding following this notification:

20,000 (Beneficial)

16. Total percentage holding of issued class following this notification:

0.026% (Beneficial)

17. Contact: Lindsey Beattie, Baillie Gifford & Co., 0131 474 3223









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