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RNS Number:5840O
Henderson Technology Trust PLC
27 July 2000

             HENDERSON TECHNOLOGY TRUST PLC
                            
                            
                 ANNUAL GENERAL MEETING
                            
                  THURSDAY 27 JULY 2000


At  the  Annual  General Meeting of Henderson  Technology
Trust held today, Brian Ashford-Russell, Fund Manager and
Director commented that:

"The  Company's new financial year has got off to a  good
start.   By  25 July, our total net assets had  risen  by
approximately  9% to #732m from our 30  April  year  end.
This  compares  very  satisfactorily with  our  composite
technology index which has risen by less than  1%  and  a
rise  of  under  4%  in  the FTSE World  Index  (Sterling
adjusted).

Technology shares in the USA have recovered strongly from
their mid - May lows and have also bottomed - albeit less
convincingly  - in both Europe and Asia.  Second  quarter
earnings  figures from the US Technology sector  provided
convincing  evidence of accelerating  spending  in  areas
such  as  web enabled applications software and broadband
communications.    Moreover,   recent   evidence   of   a
deceleration in the pace of the US economy's  growth  has
provided   a  more  sanguine  background  for  technology
investors.   NASDAQ's  recovery has helped  to  stabilise
technology shares elsewhere in the world. However, it  is
notable that both share prices and the earnings growth of
European  and  Asian technology companies  have  markedly
underperformed those of their US counterparts.   We  have
benefited from this development following our decision in
the Spring to reorient our portfolio towards the USA.

Over  the short term, we expect the technology sector  to
be   'range  -  bound'.   High  absolute  valuations,   a
continuing flow of new and secondary issues together with
investor  concerns about the direction of the US  economy
all  provide  sufficient fuel for the bears  to  cap  the
sector's  upside.  However, outstanding  earnings  growth
and the absence of it in other parts of the market, still
strong  mutual  fund  flows and the prospect  of  a  soft
landing  in  the US provide counter balancing  ammunition
for  the  bulls.   Longer term we remain very  optimistic
about the outlook for technology shares and expect a more
sustainable uptrend to commence some time in  the  fourth
quarter."

                            
For further information please contact:
Brian Ashford-Russell/Norman Brown      or   
Peter Binns/Simon Ellis
Henderson Technology Trust PLC                    
Binns & Co.
or Vicki Staveacre, Henderson Press Office
Tel: 020 7786 9600
Tel: 020 7410 4100





Notes to Editors:

The Benchmark is a blend of worldwide technology indices,
comprising 50% Pacific SE Technology, 15% Morgan  Stanley
Eurotec,  7.5%  Techmark, 7.5% Euro  NM,  15%  Datastream
Asian  Electronics  and  5%  JASDAQ.   The  second   part
comprises a longer term incentive and will be at the rate
of 5% of the amount, if any, by which the increase in the
undiluted  net  asset value of the ordinary  shares  over
each  three year period exceeds LIBOR +5% over  the  same
period.   Each  three year period will  be  discrete  and
hence the first will end on 30 April 2003

Pacific SE Technology-     A  long  standing and  broadly
                     based  US  technology index  against
                     which  the  US part of the portfolio
                     has been benchmarked for many years.

Morgan Stanley Eurotec     -    Is Morgan Stanley's index
                     of  mid  and large cap pan  European
                     technology stocks.

Euro NM              -     The leading Stock Exchange for
                     growth stocks in continental Europe.

Datastream Asian Electronics   -    Is Datastream's index
                     of  electronic manufacturers in Asia
                     including Japan.

JASDAQ               -     Japan's answer to the  NASDAQ.
                     An   index   with  Japanese   growth
                     stocks.

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