Director Shareholding

Polar Capital Technology Trust PLC
8 April 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


POLAR CAPITAL TECHNOLOGY TRUST PLC



2. Name of director


B J D ASHFORD-RUSSELL



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


IN RESPECT OF THE SPOUSE OF Mr ASHFORD-RUSSELL



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


SMITH & WILLIAMSON NOMINEES



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


IN RELATION TO Mrs F E ASHFORD-RUSSELL



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


SALE AND PURCHASE OF SHARES FOR TRANSFER TO ISA ACCOUNT



7. Number of shares / amount of stock acquired


7,000



8. Percentage of issued class


N/A



9. Number of shares/amount of stock disposed


7,000



10. Percentage of issued class


N/A



11. Class of security


ORDINARY SHARES



12. Price per share


SALE AT 179.5P PER SHARE / PURCHASE AT 176.5 P PER SHARE



13. Date of transaction


4 APRIL 2002



14. Date company informed


8 APRIL 2002



15. Total holding following this notification


183,540 ( NO CHANGE)



16. Total percentage holding of issued class following this notification


0.12%



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






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






Date of Notification








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