PMH Puma High

RNS No 6328t
SECOND ST DAVID'S INVESTMENT TRUST PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

SECOND ST DAVID'S INVESTMENT TRUST PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

PREMIER 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

NOTIFICATION IS IN RESPECT OF THE SHAREHOLDER NAMED IN 2

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



5)  Number of shares/amount of stock acquired.

310,000  

6)  ( 4  %) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

EQUITY UNITS

10) Date of transaction

7 JUNE 1999

11) Date company informed

9 JUNE 1999

12) Total holding following this notification

310,000

13) Total percentage holding of issued class following this notification

4  

14) Any additional information

THIS PORTFOLIO IS UNDER THE MANAGEMENT OF SINCLAIR HENDERSSON LTD

15) Name of contact and telephone number for queries

MR R W ARTHUR OR MRS P MASON
01633 244 233

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

    Date of Notification.10 JUNE 1999...........


END

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