Holding in Company

Foreign&Colonial Enterprise Tst PLC
6 March 2001


                  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 RESPECT OF THE SHAREHOLDER NAMES IN 2) ABOVE

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

As per 2) above

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

1,500,000

8)   (1.59%) of issued Class

9)   Class of security

ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

1/3/2001

11)  Date company informed

5/3/2001

12)  Total holding following this notification

3,350,000
              
13)  Total percentage holding of issued class following this notification

3.56%

14)  Any additional information

REDUCTION IN DISCLOSABLE HOLDING DUE TO THE SALE OF ASSETS IN EQUITABLE FUND OF
INVESTMENT TRUSTS (REGISTERED AS HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED A/C
888569) TO HALIFAX GROUP PLC

15)  Name of contact and telephone number for queries

R.T. HOSTLER     TEL: [phone]

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

     Date of Notification ..3RD MAY 2000................