Change of Name etc.

REABOURNE MERLIN LIFE SCIENCES INVESTMENT TRUST PLC
21 September 1999


          REABOURNE MERLIN LIFE SCIENCES INVESTMENT TRUST PLC
                    ('RMLIT' or the 'COMPANY')

          CHANGE OF NAME AND INCREASED BORROWING POWERS

RMLIT announces that, at an extraordinary general meeting of the Company held
on 21 September 1999, shareholders approved all resolutions enabling the 
Company to change its name to 'Finsbury Life Sciences Investment Trust PLC' and
borrow up to £6,000,000 over the medium term for investment purposes.

John Sclater, chairman of the Company, said 'The Board is pleased to announce
that these proposals have received approval.  The Board believes that with the
improving sentiment towards the Life Science sector and the attractive 
potential returns that Life Science companies can offer the introduction of an
element of gearing to the Company should enhance potential returns to
shareholders over the medium term.  The rebranding of the Company will further
raise its profile and will allow it to derive marketing benefits from being
more closely associated with the Finsbury name.'

Enquiries:

John Sclater        0171 623 1155
Chairman

David Fallon        0171 397 6987
Finsbury Asset Management

Andrew Zychowski    0171 623 8000
Dresdner Kleinwort Benson