Director Shareholding

Templeton Emerging Markets IT PLC
26 April 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Templeton Emerging Markets Investment Trust PLC

2) Name of director

Geoffrey Ainsworth Langlands

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

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

Geoffrey Ainsworth Langlands

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

N/A

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

N/A

7) Number of shares/amount of stock acquired

3000

8) Percentage of issued class

0.0007%

9) Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

Ordinary 25p Shares

12) Price per share

£153.25

13) Date of transaction

23rd April 2004

14) Date company informed

26th April 2004

15) Total holding following this notification

3000 Ordinary Shares

16) Total percentage holding of issued class following this notification

0.0007%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

19) Total amount paid (if any) for grant of the option

N/A

20) Description of shares or debentures involved: class, number

N/A

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise

N/A

22) Total number of shares or debentures over which options held
following this notification

N/A

23) Any additional information

N/A

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

26th April 2004



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