RNS Number:5875S
Albany Investment Trust PLC
27 November 2003




                       SCHEDULE 11

     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                        PERSONS


1)  NAME OF COMPANY

     ALBANY INVESTMENT TRUST PLC

2)  NAME OF DIRECTOR

     D.G. HANSON

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 or in respect of an non-beneficial interest

      YES

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)



5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)



6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

     PEP

7)  Number of shares/amount of
    stock acquired

     550

8)  Percentage of issued Class

      0.005

9)  Number of shares/amount
    of stock disposed

      -

10) Percentage of issued Class

      -

11) Class of security

     20P ORDY

12) Price per share

      193P

13) Date of transaction

     27TH NOV 2003

14) Date company informed

     27TH NOV 2003

15) Total holding following this notification

      17050

16) Total percentage holding of issued class following this notification

      0.1700

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

      -

18) Period during which or date on which exercisable

      -

19) Total amount paid (if any) for grant of the option

      -

20) Description of shares or debentures involved: class, number.

      -

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

      -

22) Total number of shares or debentures over which options held
    following this notification

      -

23) Any additional information

      -

24) Name of contact and telephone number for queries

     T.W. EVANS

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification    27TH NOV 2003                             




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END

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