RNS No 4372f
SCOTTISH NATIONAL TRUST PLC
16th July 1998

ABERDEEN PREFERRED INCOME TRUST PLC ('ABPREF')
ABERDEEN PREFERRED SECURITIES PLC ('ABPREF SECURITIES')

OFFERS FOR SHARES IN THE SCOTTISH NATIONAL TRUST PLC ('SNT')
AND PLACING


Abpref  and  Abpref Securities announce the posting  of  the
offer  document  and the publication of listing  particulars
today  in  connection with the above.  A  circular  is  also
being   posted  today  convening  an  extraordinary  general
meeting of Abpref shareholders for 10 August 1998.

The  first  closing date of the offers for SNT is  6  August
1998.

END

OFFSFIFMMUAUFLW


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