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RNS No 1740w
HENDERSON TECHNOLOGY TRUST PLC
28 July 1999


                          ANNUAL GENERAL MEETING
                                     
                          WEDNESDAY 28 JULY 1999

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

"Notwithstanding recent weakness in technology share prices, the Company's
new  financial  year has started well.  At 25 July, total net  assets  had
risen  by approximately 14% to #318.7m from their level at 30 April  1999.
Second   quarter  earnings  results  demonstrated  once  again  that   the
technology industry remains the most rapidly growing sector of the  global
economy.  Moreover, the industry remains uniquely positioned at the  sweet
spot of the deflationary cycle.

Not  only  is  technology one of the primary drivers of deflation  in  the
global  economy, it is also its most significant beneficiary as companies,
faced  with diminishing profitability as a result of their loss of pricing
power,  are  forced to invest aggressively in technology in an attempt  to
restructure  their cost base.  This trend, which was once predominantly  a
US  phenomenon,  is  rapidly being replicated as both European  and  Asian
economies recover.  In both of the latter regions, technology spending  as
a percentage of GNP lags far behind that of the USA.  While expenditure in
the  USA  continues  to  grow  rapidly,  in  Europe  and  in  Asia  it  is
accelerating dramatically.

Consequently,  we remain very optimistic about the medium  term  prospects
for  the  technology sector.  However, we are cautious about  the  outlook
over the next few months.  High absolute valuations, a crowded calendar of
new  issues  and  now  modest institutional cash holdings  all  argue  for
caution.   We seem to be at the early stages of a consolidation/correction
phase  that  may  last  into  the late autumn and  provide  better  buying
opportunities in September or October."

     
For further information please contact:
Brian Ashford-Russell              or     Simon Ellis
Henderson Technology Trust PLC            Binns & Co
Tel: 0171 410 4100                        Tel: 0171 786 9600


END

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