Funds Under Management

LIONTRUST ASSET MANAGEMENT PLC
18 August 1999
               
Since  9th July 1999, Liontrust Asset Management PLC  has
won  £113  million  of new mandates, resulting  in  funds
under  management rising to £750 million  as  at  today's
date.


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Note for Editors

Liontrust Asset Management PLC is the holding company  of
a  specialised  UK  based equities fund management  group
providing  process  driven portfolio management  services
through  a  range of investment funds which are  targeted
primarily at professional investors and advisers.  As  at
18th  August 1999, the Group had 24 employees and managed
approximately  £750  million  in  segregated  and  pooled
pension  fund  accounts,  own  branded  unit  trusts,  an
investment  trust,  offshore funds, PEPs  and  externally
managed funds on behalf of over 8,000 investors.


For further information please contact:

Liontrust Asset Management PLC      Jonathan Harbottle 0171 412 1700

Merlin Financial                    Karen Simmonds     0171 606 1244

HSBC Investment Bank plc            Graeme Bayley      0171 336 9000