Chairman's Statement

Liontrust Asset Management PLC
11 July 2000

                              
 Liontrust Asset Management PLC 2000 Annual General Meeting.
                    Chairman's Statement.

The following is the Statement delivered by Chairman Ellen
Winser at the 2000 Annual General Meeting, held at The
Savoy, London WC2 at 10 am on Tuesday 11th July 2000:

'As  I  said  in  my  statement in  the  Annual  Report  and
Accounts,  our  last year was very significant  for  us.  We
successfully floated the company, we increased  our  profits
sharply and we paid off all our debt.  We therefore now have
a  solid platform on which to build in the current year  and
in the future.

So  far  the  current  year is going well.   Our  policy  of
concentrating on doing relatively few things well  continues
and  I  am pleased to say that we have won a number  of  new
accounts,  for which we are currently finalising  management
contracts. Total funds under management on Friday, 7th July,
amounted  to £1.117 billion. We are being invited  to  pitch
for  an  increasing number of funds by a widening  group  of
actuaries  and other professional advisers. Our pipeline  of
potential new business has never been higher but I hasten to
point  out  that an invitation to pitch is a long  way  from
actually winning the account.

Our   core   business  has  advanced  in   line   with   our
expectations.   Performance   across   our   3   proprietary
investment  processes continues to be satisfactory  although
it  is  far  too soon to estimate the impact of  performance
related  fees  this  year.  However  we  can  announce  that
performance  fees  due and collectable in the  current  year
already  amount to over £250,000 (net of compensation  costs
using  the compensation formula as set out in our July  1999
Prospectus). We look forward to the future with confidence.'

Notes for Editors
Liontrust Asset Management PLC is the holding company  of  a
specialist  UK  equities  fund  management  group  providing
process  driven portfolio management services to a range  of
funds which are targeted primarily at professional investors
and advisers. Liontrust currently manages over £1 billion in
segregated  and  pooled pension fund accounts,  own  branded
unit  trusts,  investment trusts, offshore  funds,  personal
equity plans and externally managed funds on behalf of  over
10,000 investors.

For further information please contact:

Liontrust Asset Management PLC   Nigel Legge   020-7412 1700
HSBC  Investment Bank plc        John Mellett  020-7549 7052