Holding in Company

Foreign&Colonial Enterprise Tst PLC
7 November 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

FOREIGN & COLONIAL ENTERPRISE TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

THE EQUITABLE LIFE ASSURANCE SOCIETY

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

IN (2)

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

NOT SUPPLIED

5)   Number of shares/amount of stock acquired.

1,500,000

6)   (1.59%) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES OF 10P EACH

10)  Date of transaction

3 NOVEMBER 2000

11)  Date company informed

6 NOVEMBER 2000

12)  Total holding following this notification

4,850,000
               
              
13)  Total percentage holding of issued class following this notification

5.16%

14)  Any additional information

Change in declaration obligation following transfer of shares from beneficial
ownership of an Equitable unit trust (formerly owned by HSBC Bank Plc as
Trustee) to a fund of an open ended investment company (a wholly owned
subsidiary of Equitable Investment Fund Managers Ltd, in turn a wholly owned
subsidiary of The Equitable Life Assurance Society)


15)  Name of contact and telephone number for queries

R. T. Hostler    020 7825 2318

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

     Date of Notification ....6 November 2000