RNS No 6338x
ABERDEEN PREFERRED INCOME TRUST PLC
22nd July 1998


This announcement replaces that released today at 11:07 under the RNS No 6414t.
____________________________________________________________________________


SUBSTANTIAL HOLDING DISPOSAL NOTIFICATION

On 21 July, Geared Income Investment Trust PLC disposed of 7,302,359 Ordinary
Shares of the Aberdeen Preferred Income Trust, reducing the total holding to
9,000,000 Ordinary Shares (14.907%).


END

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