Holding in Company

Finsbury Trust PLC
5 March 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Finsbury 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

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          93,000

Equitable Fund of Investment Trusts

(registered as HSBC Global Custody Nominee

(UK) Limited a/c 888569)                     625,000

5) Number of shares/amount of stock acquired

n/a

6) Percentage of issued class

n/a

7) Number of shares/amount of stock disposed

625,000

8) Percentage of issued class

7.8%

9) Class of security

Ordinary shares of 5p each

10) Date of transaction

1 March 2001

11) Date company informed

5 March 2001

12) Total holding following this notification

93,000


13) Total percentage holding of issued class following this notification

1.16%

14) Any additional information

Following advice of sale of certain assets by the Equitable Life Assurance
Society to Halifax Group Plc, which became effective on 1 March 2001.