Investment Update

Foresight Technology VCT PLC
3 April 2001


Investment Update

Foresight Technology VCT Plc (the Company) is pleased  to
announce  that two further investments were  made  during
March, details of which are contained below.

Heritage Image Partnership Limited ('HIP')

HIP is creating an online library of images available  to
customers  over the internet and has exclusive access  to
content  from  five  heritage institutions;  the  British
Library,  Guild  Hall  Library, the Science  Museum,  the
National  Railways  Museum and  the  National  Museum  of
Photography, Film and Television.  Images will be sold to
media  companies  and advertising and  design  companies.
The  Company has invested £950,000 in HIP in  return  for
25.3  per cent. of the equity.  The net proceeds  of  the
fund  raising  will be utilised principally  for  working
capital.  HIP has not yet produced audited accounts.

Xpert Client Systems Limited ('Xpert')

Xpert  is a provider of software asset management  tools.
The  Company  has  developed innovative technology  which
automatically  builds a profile of the  actual  usage  of
software  by  each  PC user and compares  this  with  the
licences owned.  This enables customers to monitor  legal
compliance   with   their  software  licences.    Xpert's
products  are  installed  on  25,000  PCs  in  over   100
companies including Racal, Volvo, Fujitsu and Sony.   The
company has invested £750,000 in Xpert as part of a £1.75
million fundraising in return for 15.6 per cent.  of  the
equity.   The  net proceeds of the fund raising  will  be
utilised  for  capital expenditure and  working  capital.
The  last audited accounts for Xpert were for the  period
to 31 July 2000 and record:loss before taxation £320,880;
retained loss £775,599; net assets (£287,249).