RNS No 7443k
MOORGATE INVESTMENT TRUST PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

MOORGATE INVESTMENT TRUST PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

W.H. SMITH PENSION TRUST

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 IN 2

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

W.H. SMITH PENSION TRUST

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

600,000

8)  ( 2.12 %) of issued Class

9)  Class of security

ORDINARY 25P SHARES

10) Date of transaction

24/6/97

11) Date company informed

30/6/97

12) Total holding following this notification

NOT KNOWN

13) Total percentage holding of issued class following this notification

NOT KNOWN

14) Any additional information

W.H. SMITH PENSION TRUST NO LONGER HAS A NOTIFIABLE INTEREST IN THE ORDINARY
SHARE CAPITAL OF MOORGATE INVESTMENT TRUST PLC

15) Name of contact and telephone number for queries

ROSS MITCHELL
0131 4794694

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

    Date of Notification.......30 JUNE 1997.....


END


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