Directors' Dealings

SCOTTISH AMERICAN INVESTMENT COMPANY PLC
2 September 1999


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
The Scottish American Investment Company PLC

2   Name of director:
Mr Barry E Sealey

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:


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


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:
Monthly purchases through SAINTS Savings Scheme 

7   Number of shares/amount of stock acquired:
102 shares @ 245p on 05.08.99.

8   Percentage of issued class:


9   Number of shares/amount of stock disposed:


10  Percentage of issued class:


11  Class of security:
Ordinary 25p Shares

12  Price per share:
As above.

13  Date of transaction:
As above.

14  Date company informed:
2nd September 1999. 

15  Total holding following this notification:


16  Total percentage holding of issued class following this notification:


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:
As above.

24  Contact telephone number:
0131 226 3271

25  Name of company official responsible for making notification:



Additional Information: