Holding in Company

Finsbury Life Sciences Inv Tst PLC
26 June 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Finsbury Life Sciences Investment Trust PLC

2) Name of shareholder having a major interest

Halifax Group PLC

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 above

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

The Equitable Life Assurance Society     6,750,000

HSBC Global Nominees (UK) Ltd               19,942

5) Number of shares/amount of stock acquired

not stated

6) Percentage of issued class

not stated

7) Number of shares/amount of stock disposed

not stated

8) Percentage of issued class

not stated

9) Class of security

Ordinary shares of 25p each

10) Date of transaction

not stated

11) Date company informed

26 June 2001

12) Total holding following this notification

6,769,942


13) Total percentage holding of issued class following this notification

22.49%

14) Any additional information

The above notification includes the non material interest of the Equitable
Life Assurance Society of 6,750,000 shares (22.43%).

15) Name of contact and telephone number for queries

David Fallon

Close Finsbury Asset Management Limited

Tel: [phone]

26 June 2001