Cairngorm Dem Inv Ts - Directors Shareholding

RNS No 3982w
CAIRNGORM DEMUTUALISATION INVESTMENT TRUST PLC
7th January 1998


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Cairngorm Demutualisation Investment Trust

2   Name of director:
Philip Court

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:
As above

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

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
As above

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Purchase

7   Number of shares/amount of stock acquired:
3000

8   Percentage of issued class:
0.02%

9   Number of shares/amount of stock disposed:
N/A

10  Percentage of issued class:
N/A

11  Class of security:
Ordinary 50p

12  Price per share:
80p

13  Date of transaction:
7/1/98

14  Date company informed:
7/1/98

15  Total holding following this notification:
13000

16  Total percentage holding of issued class following this notification:
0.09%

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:
N/A

18  Period during which or date on which exercisable:
N/A

19  Total amount paid (if any) for grant of the option:
N/A

20  Description of shares or debentures involved: class, number:
N/A

21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:
N/A

22  Total number of shares or debentures over which options held following
this notification:
N/A

23  Contact name for queries:
Brian Tait

24  Contact telephone number:
0131 226 6040

25  Name of company official responsible for making notification:


END

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