Director Shareholding

RNS Number:2386S
Pacific Horizon Investment Tst PLC
19 November 2003

Schedule 11 - Notification of interests of Directors and Connected Persons.

1.      Name of Company:

PACIFIC HORIZON INVESTMENT TRUST PLC

2.      Name of Director:

PETER MACKAY

3.      Please state whether notification indicates that it is in respect of
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non-beneficial interest:

BENEFICIAL

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

COGENT  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:

INVESTMENT TRUST SHARE PLAN

7.      Number of shares/amount of stock acquired.

245

8.      Percentage of issued class:

0.0003%

9.      Number of shares/amount of stock disposed:

N/A

10.  Percentage of issued class:

N/A

11.  Class of security:

ORDINARY 10P SHARES

12.  Price per share:

61.00p

13.  Date of transaction:

18 NOVEMBER 2003

14.  Date company informed:

19 NOVEMBER 2003

15.  Total holding following this notification:

12,220

16.  Total percentage holding of issued class following this notification:

0.016%

17.  Contact: Simon Marriott, Baillie Gifford & Co., 0131 222 4076












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