Director Shareholding

Finsbury Life Sciences Inv Tst PLC
26 June 2001



                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Finsbury Life Sciences Investment Trust PLC

2) Name of director

J R Sclater

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 or in respect of a
non-beneficial interest

As above

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

Henderson Nominees Limited

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

As in 2 above

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Purchase of shares beneficially owned by director

7) Number of shares/amount of
stock acquired

9,355

8) Percentage of issued class

0.03%


9) Number of shares/amount
of stock disposed

n/a

10) Percentage of issued class

n/a

11) Class of security

Ordinary shares of 25p each

12) Price per share

159p

13) Date of transaction

22 June 2001

14) Date company informed

26 June 2001

15) Total holding following this notification

9,355

16) Total percentage holding of issued class following this notification

0.03%

17) Any additional information

none

24) Name of contact and telephone number for queries

David Fallon

Close Finsbury Asset Management Limited

Tel: [phone]

26 June 2001