Director Shareholding

RNS Number:2396N
Investment Company PLC
07 July 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company

The Investment Company plc




2. Name of director

Peter S. Allen




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



In respect of Mrs. Judith Merric Allen




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



WB Nominees Limited




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



Personal ISA holding




7. Number of shares / amount of stock acquired






8. Percentage of issued class






9. Number of shares/amount of stock disposed

50,000




10. Percentage of issued class

0.80%




11. Class of security

Participating preference shares of 50p each




12. Price per share

110p




13. Date of transaction

2nd July 2003




14. Date company informed

3rd July 2003




15. Total holding following this notification

Nil




16. Total percentage holding of issued class following this notification

Nil




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

James Harrison - 020 7448 4700




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






Date of Notification

7th July 2003




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                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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