RNS No 6644e
ABERDEEN PREFERRED INCOME TRUST PLC
22nd July 1998


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
ABERDEEN PREFERRED INCOME TRUST PLC

2   Name of shareholder having a major interest:
GEARED INCOME INVESTMENT TRUST PLC

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
AS 2 ABOVE

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
lLOYDS BANK (STOCK EXCHANGE BRANCH) NOMINEES LIMITED A/C GIIT

5   Number of shares/amount of stock acquired:


6   Percentage of issued class:


7   Number of shares/amount of stock disposed:
7,302,359

8   Percentage of issued class:
12.01%

9   Class of security:
ORDINARY 10p SHARES

10  Date of transaction:
21 JULY 1998

11  Date company informed:
22 JULY 1998

12  Total holding following this notification:
9,000,000

13  Total percentage holding of issued class following this notification:
14.91%

14  Contact name for queries:
CHARLES MEARNS

15 Contact telephone number:
0171 463 6302

16  Name of company official responsible for making notification:
ABERDEEN ASSET MANAGEMENT PLC - SECRETARIES

17  Date of notification:
22 JULY 1998

Additional Information:


END

HOLPBUGUMBGRGPP


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