RNS Number:3502U
Pacific Horizon Investment Tst PLC
16 January 2004



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.

     225
     
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:

     66.50p

13.  Date of transaction:

     16 JANUARY 2004

14.  Date company informed:

     16 JANUARY 2004

15.  Total holding following this notification:

     12,690

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

     0.016%

17.  Contact: Simon Marriott, Baillie Gifford & Co., 0131 275 3177


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