APR Apr Energy

RNS No 1110t
SCOTTISH NATIONAL TRUST PLC
9th July 1998


THE SCOTTISH NATIONAL TRUST PLC ("SNT")

The Board of SNT has noted the offers for SNT income
shares, capital shares,  stepped preference shares
and zero dividend preference shares announced today
by Aberdeen Preferred Income Trust PLC and Aberdeen
Preferred Securities PLC ("Abpref").  These offers
are unsolicited and are not the Board's own proposals
for the continuation of shareholders' investments at
the end of SNT's life.  The Board is considering the
terms of the offers and will be writing to
shareholders with its response.

Pending detailed advice from the Board, shareholders
are strongly recommended to take no action.  As noted
above, the Board has already announced the intention
to provide shareholders with a final rollover
opportunity offering a continuation of investment in
a vehicle with similar features to SNT, managed by
the existing Investment Managers, Gartmore Scotland.

The Board intends to announce full details of
proposals to shareholders shortly which will offer
shareholders a continuing high quality equity
investment portfolio.   In addition to offering
attractive successor investments to SNT's
shareholders, the Board's proposals are expected to
offer capital shareholders a greater amount of cash
than they would otherwise receive on a liquidation of
SNT.

The Chairman of SNT, Sandy Struthers, said today:

"We have already made a commitment to offer current
shareholders the option to continue their investment
in a tax efficient manner through a vehicle similar
to SNT when SNT comes to the end of its life on 30
September 1998.

The Abpref offers expose shareholders to a completely
different underlying investment risk  whereas the
Board's rollover proposals referred to above are
expected to replicate SNT's present successful
investment strategy.

Investors should do nothing at this stage".

Responsibility

The Directors of The Scottish National Trust PLC are
the persons responsible for this announcement.  To
the best of their knowledge and belief (having taken
all reasonable care to ensure that such is the case),
the information contained in this announcement is in
accordance with the facts and does not omit anything
likely to affect the import of such information.

General

Greig Middleton & Co. Limited, which is regulated by
the Securities and Futures Authority Limited and is
acting for SNT, has approved the contents of this
announcement for the purposes of Section 57 of the
Financial Services Act 1986.

END

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