RNS No 7922b
IVORY & SIME OPTIMUM INCOME TRUST PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

          IVORY & SIME OPTIMUM INCOME TRUST PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

          ABERDEEN PREFERRED INCOME 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

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

          TALBOT NOMINEES A/C 754850

5)  Number of shares/amount of stock acquired.

   

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

          500,000

8)  ( %) of issued Class

          1.4%

9)  Class of security

          ORDINARY SHARES

10) Date of transaction

   

11) Date company informed

          25-05-1999

12) Total holding following this notification

          1,000,000

13) Total percentage holding of issued class following this notification

          LESS THAN 3%

14) Any additional information

   

15) Name of contact and telephone number for queries

          ANDREW MATHER

          0131 465 1000

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

    Date of Notification...25 MAY 1999..........



                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

          IVORY & SIME OPTIMUM INCOME TRUST PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

          ABERDEEN HIGH INCOME 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

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

          TALBOT NOMINEES A/C 754700   

5)  Number of shares/amount of stock acquired.

   

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

          250,000

8)  (%) of issued Class

          0.7%



9)  Class of security

          ORDINARY SHARES

10) Date of transaction

   

11) Date company informed

          25-05-1999

12) Total holding following this notification

          1,000,000

13) Total percentage holding of issued class following this notification

          LESS THAN 3%

14) Any additional information

    

15) Name of contact and telephone number for queries

          ANDREW MATHER

          0131 465 1000

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

    Date of Notification......25-05-1999........


END

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