Director Shareholding

Templeton Emerging Markets IT PLC
08 April 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)  Name of company


     Templeton Emerging Markets Investment Trust PLC

2)  Name of director

     Sir Robert Brian Williamson CBE


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

     as in 2) above & Lady Diane Marie Christine Williamson


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

     as in 2) above


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

     Notification in respect of Director's Wife


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


     ISA Purchase

7)  Number of shares/amount of stock acquired

     13,420 (6710 Sir Robert Brian Williamson, 6710 Lady Diane Marie Christine
     Williamson)


8)  Percentage of issued class

     0.0029%


9)  Number of shares/amount of stock disposed

     Not Applicable


10) Percentage of issued class

     Not Applicable


11) Class of security


     Ordinary 25p Shares




12) Price per share

     101.5p


13) Date of transaction


     4 April 2003

14) Date company informed



     4 April 2003

15) Total holding following this notification


     13,420

16) Total percentage holding of issued class following this notification

     0.0029%


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

     Barbara McFarlane - 0131 242 4129


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



     Barbara McFarlane - Company Secretarial Assistant for Franklin Templeton
Investment Management Limited, Secretaries to Templeton Emerging Markets
Investment Trust PLC



    Date of Notification



     8 April 2003


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