RNS Number:5516T
Investment Trust of Inv Tst PLC
22 December 2003



The Investment Trust of Investment Trusts PLC (the "Company") - Repayment of
Bank Debt

The board announces that it has today instructed that #150,000 of the sum drawn
down under its loan facility with Bank of Scotland (the "Facility") be repaid
for value on 29th December 2003, together with associated interest rate break
costs of #9,550.

The total assets of the Company are required to represent in excess of 165% of
the amount drawn down under the Facility in accordance with its terms. As at
close of business on 19th December 2003 the Company's total assets were
estimated by Jupiter Asset Management Limited to have been #12,721,990
representing 70.5% of the #18,050,000 drawn down under the Facility. The balance
of the Facility drawn down following the repayment will be #17,900,000.

Enquiries:

Gerry Absalom - Company Secretary - 020 7314 4785

Richard Pavry - Jupiter Asset Management Limited - 020 7412 0703



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