Directors' Dealings

Finsbury Life Sciences Inv Tst PLC
9 March 2000

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    FINSBURY LIFE SCIENCES INVESTMENT TRUST PLC

2)  NAME OF DIRECTOR

    PAUL GAUNT

3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a non-beneficial
    interest

     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. (If notified)

    NOT GIVEN

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

    DIRECTOR NAMED 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

     MARKET SALES BENEFICIALLY OWNED BY DIRECTOR.
     THE SHARES WERE NOT HELD IN A PEP OR ISA

7)  Number of shares/amount of
    stock acquired

        NIL

8)   (    % )
    of issued Class

9)  Number of shares/amount
    of stock disposed

     10,000

10)  (0.03% )
   of issued Class

11) Class of security

   ORDINARY SHARES OF 25P EACH

12) Price per share

     272P

13) Date of transaction

     7 MARCH 2000

14) Date company informed

     9 MARCH 2000

15) Total holding following this notification

     NIL

16) Total percentage holding of issued class following this notification



     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



24) Name of contact and telephone number for queries

    DAVID FALLON 020 7426 6235

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

    Date of Notification..9 MARCH 2000