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City of London IT (CTY)

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Thursday 05 December, 2002

City of London IT

Holding(s) in Company

City of London Investment Trust PLC
05 December 2002

                                  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

QUILTER & CO AS DISCRETIONARY MANAGERS


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 ABOVE


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

MORGAN STANLEY QUILTER NOMINEES LTD - 95,000
QUILPEP NOMINEES LTD - 29,000


5. Number of shares / amount of stock acquired

NOT NOTIFIED


6. Percentage of issued class

-


7. Number of shares / amount of stock disposed

-


8. Percentage of issued class

-


9. Class of security

NON-CUMULATIVE SECOND PREFERENCE STOCK


10. Date of transaction

NOT KNOWN


11. Date company informed

5 DECEMBER 2002


12. Total holding following this notification

£124,000 STOCK


13. Total percentage holding of issued class following this notification

12.4% (NON-MATERIAL)


14. Any additional information

-


15. Name of contact and telephone number for queries

G S RICE - 020 7818 4469


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

MR G S RICE, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED, 
SECRETARY


Date of notification

5 DECEMBER 2002

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for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
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