Director Shareholding

Finsbury Life Sciences Inv Tst PLC
30 April 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


Finsbury Life Sciences Investment Trust PLC



2. Name of director


Anthony Townsend



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 in 2 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)


Not stated





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


Carolyn Townsend (spouse)



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


-



7. Number of shares / amount of stock acquired


N/A



8. Percentage of issued class


N/A



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


-



13. Date of transaction


-



14. Date company informed


29 April 2004



15. Total holding following this notification


50,000



16. Total percentage holding of issued class following this notification


0.17%



If a director has been granted options by the company please complete the
following boxes.



17. Date of grant


-



18. Period during which or date on which exercisable


-



19. Total amount paid (if any) for grant of the option


-



20. Description of shares or debentures involved: class, number


-



21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


-



22. Total number of shares or debentures over which options held following this
notification


-



23. Any additional information


Notification is hereby made as an update to ensure the correct total number of shares beneficially held is disclosed.



24. Name of contact and telephone number for queries


Melanie Bell - 020 7426 6224



25. Name and signature of authorised company official responsible for making
this notification


Tracey Gower, for and on behalf of Close Finsbury Asset Management Limited



Date of Notification


30 April 2003



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document or material and does not accept any liability for error or omission.
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for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


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