RNS No 6233f
ABERDEEN PREFERRED INCOME TRUST PLC


                                     Date of disclosure..30 JUNE 1999.........

             DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
              SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")


Date of acquisition..29 JUNE 1999.................

Acquisition in..ABERDEEN PREFERRED INCOME TRUST PLC..........(name of company)


(1)  Class of voting shares   Number of shares/rights   If rights over shares
     (eg ordinary shares)     over shares acquired      acquired, as opposed
                                                        to the shares  
                                                        themselves, specify     
                                                        nature of rights

     ORDINARY 10P SHARES      902,500 Shares                           
                                                     


(2)  Resultant total holding   Resultant total holding  Total percentage
     of voting shares (and %   of rights over shares 
     of total voting shares    (and % of total voting  
     in issue)                 shares in issue)

     22,090,643     (17.15%)                            22,090,643    (17.15%)  

(3)  Party making disclosure..ABERDEEN ASSET MANAGERS LIMITED..................

(4)  (a)  Name of person acquiring shares or rights over shares................
and, if different, beneficial owner..DISCRETIONARY FUNDS UNDER THE MANAGEMENT OF
                                     ABERDEEN ASSET MANAGERS LIMITED

     (b)  Names of any other persons acting by
           agreement or understanding (see SAR 5)..............................


Signed, for and on behalf of the party named in (3) above......................

(Also print name of signatory)..ELSPETH SPICE..................................

Telephone and extension number..01224 631999 EXT 5031..........................

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 
of the SARs.  If in doubt, contact the Panel on Take-overs and Mergers, 
Tel. No: 01-382 9026.


END

SATWBUMUQBGBGPU


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