Holding in Company

Finsbury Growth Trust PLC
20 June 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Finsbury Growth Trust PLC

2) Name of shareholder having a major interest

Halifax Group

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

Morgan Nominees 87,631

The Equitable Life Assurance Society 4,348,000

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

20 June 2001

12) Total holding following this notification

4,435,631


13) Total percentage holding of issued class following this notification

11.42%

14) Any additional information

The above notification includes a non material interest of The Equitable Life
Assurance Society in 4,348,000 shares (11.2%)(previously 14.3%)

15) Name of contact and telephone number for queries

David Fallon

Close Finsbury Asset Management

020 7426 6235