RNS Number:4076L
M&G Income Inv Trust PLC
30 May 2000




M&G Income Investment Trust P.L.C.
Substantial Shareholding
                                                                              
                                                      
M&G Income Investment Trust P.L.C. (M&G IIT) has been advised today by
Aberdeen Asset Managers Limited ('Aberdeen')that as a result of sales of
14,333,000 Income shares on behalf of Aberdeen High Income Trust Plc and a
purchase of 14,333,000 Income shares on behalf of Aberdeen Preferred Income
Investment Trust Plc both on 30 May 2000, Aberdeen High Income Trust Plc now
holds 620,000 shares representing 0.25% of the issued share capital of that
class and Aberdeen Preferred Income Trust Plc now holds 23,533,000 M&G IIT
Income shares representing 9.49 of the issued share capital of that class.
Aberdeen Asset Managers Limited now manages a total of 27,353,366 IIT Income
shares representing 11.02% of the issued share capital of that class.

This comprises: -

              Fund                       Security                Number

Aberdeen High Income Trust P.L.C.      Income Share                    0
                                       Geared Ordinary Units     620,000

Aberdeen Preferred Income Trust P.L.C. Income Shares          23,533,000
                                       Geared Ordinary Units           0

Second St Davids Investment Trust P.L.C.Income Shares          1,450,000

Fund of Investment Trust Unit Trust    Geared Ordinary Units     350,000

Leveraged Income Fund Limited          Geared Ordinary Units   1,400,366
                                                              
                                                              
                                                           

END

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