Holding in Company

British Empire Sec & Gen Tst PLC
9 March 2001



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

MILLENNIUM PARTNERS LP


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

AS IN 2

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

BC NOMINEES NO. 2 LTD -  3,410,000
CHETWYND NOMINEES LTD - 14,225,000


5)   Number of shares/amount of stock acquired.

450,000


6)   ( 0.3 %) of issued Class


7)   Number of shares/amount of stock disposed


8)   ( N/A %) of issued Class


9)   Class of security

ORDINARY


10)  Date of transaction



11)  Date company informed

8 MARCH 2001


12)  Total holding following this notification

17,635,000
               
              
13)  Total percentage holding of issued class following this notification

10.00%


14)  Any additional information



15)  Name of contact and telephone number for queries

KATRINA FYFFE
FRIENDS IVORY & SIME PLC
0131-465-1000


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

     Date of Notification ... 9 MARCH 2001 ...