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City of London IT (CTY)

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Tuesday 15 February, 2000

City of London IT

Purchase of Own Securities

City of London Investment Trust PLC
15 February 2000

                             
            THE CITY OF LONDON INVESTMENT TRUST PLC

   Market Purchase by the Company of its own Ordinary Shares


The  City  of  London  Investment Trust  plc  hereby  gives
notification that, pursuant to the authority granted to the
Company at the Annual General Meeting on 4 November 1999 to
make  market purchases of the Company's own shares,  market
purchases  of 210,000 ordinary shares of 25p  each  of  the
Company  were  made today at prices of  210p  to  211p  per
share.

Following  the  purchase  and  cancellation  of  the  above
shares, 210,749,303 ordinary shares of 25p each will remain
in issue.



For further information please contact:

Job Curtis/Alex Crooke
The City of London Investment Trust plc
Telephone: 0171 410 4367/4447


or


Vicki Staveacre/Martin Wade
The Press Office
Henderson Investors
Telephone: 0171 410 4222