Directors' Dealings

Scottish American Investment Co PLC
7 March 2000


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 William Berry

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:
Mr William Berry and Mrs Elizabeth Berry (Spouse)

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:
Mr Berry is only notified of transactions effected through SAINTS PEP Schemes
at six-monthly intervals.  The Scheme invests in SAINTS and other companies'
shares which are selected by the Plan Managers and the purchases noted have
been financed by the receipt of dividends/interest into the Scheme. 

7   Number of shares/amount of stock acquired:
Mr William Berry

Date      Ordinary Shares  Price
11.01.00          9        £2.575
01.02.00          4        £2.465

Mrs Elizabeth Berry

Date  Ordinary Shares  Price
11.01.00  134   £2.575
22.02.00  15   £2.52


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:
7th March 2000

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:
James Ayling of Stewart Ivory & Company Limited

24  Contact telephone number:
0131 226 3271

25  Name of company official responsible for making notification:
As above





Additional Information: