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City of London IT (CTY)

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Thursday 02 November, 2000

City of London IT

Holding in Company

City of London Investment Trust PLC
2 November 2000


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

THE CITY OF LONDON INVESTMENT TRUST PLC

2) Name of shareholder having a major interest

CGNU PLC (INCLUDING QUILTER & CO LIMITED)

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

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

CU QUILTER NOMINEES LIMITED          73,120

CUIM NOMINEE LIMITED                 93,974

VIDACOS NOMINEES LIMITED             54,000

5) Number of shares/amount of stock acquired

NOT SPECIFIED

6) Percentage of issued class

NOT SPECIFIED

7) Number of shares/amount of stock disposed

-

8) Percentage of issued class

-

9) Class of security

14% NON-CUMULATIVE PREFERENCE ORDINARY STOCK

10) Date of transaction

-

11) Date company informed

1 NOVEMBER 2000

12) Total holding following this notification

221,094 INCLUDING 73,120 BY QUILTER & CO LIMITED


13) Total percentage holding of issued class following this notification

37.49% INCLUDING 12.40% BY QUILTER & CO LIMITED

14) Any additional information



15) Name of contact and telephone number for queries

GEOFFREY RICE TELEPHONE: 020 7410 4469

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

Date of notification 1 NOVEMBER 2000