RSN No 7301b
ABERDEEN PREFERRED INCOME TRUST PLC



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:


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:
150,000

8   Percentage of issued class:
0.13%

9   Class of security:
ORDINARY 10P SHARES

10  Date of transaction:
4 MARCH 1999

11  Date company informed:
5 MARCH 1999

12  Total holding following this notification:
12,933,750

13  Total percentage holding of issued class following this notification:
10.98%

14  Contact name for queries:
ELIZABETH HAWES

15 Contact telephone number:
0171-463-6307

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

17  Date of notification:
8 MARCH 1999



Additional Information:


END

HOLUBUBAWBGBGAR


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