Trading Statement

Liontrust Asset Management PLC
18 January 2001


18 January 2001

                         Stock Exchange Announcement

                                     and

                                Press Release


          Operating profits from performance related fees receivable

          for the period ended 31 December 2000 exceed £2.3 million.


                                Trading Update


Liontrust Asset Management PLC ('Liontrust') announces that operating profit
from performance fees due and collectable in respect of November and December
2000 accounts is approximately £1.6 million (net of compensation costs using
the compensation formula set out in the company's Report & Accounts for the
year ended 31 March 2000, but before taxation). This is in addition to the
operating profit on performance fees due and collectable earlier in the year
of £0.7 million (net of compensation costs as above, but before taxation)
making a total for the nine months to 31 December 2000 of £2.3 million. By
comparison the operating profit from performance fees for the full financial
year to 31 March 2000 was £2.1 million.


The terms on which performance fees are calculated and earned vary for each
contract and are confidential. However, in some cases payment of a proportion
of the fee earned is deferred until the next performance fee is payable. A
further £0.5 million of operating profit from performance fees (net of
compensation costs as above, but before taxation) will become due for payment
on these accounts if and when a further performance fee becomes payable in the
future.


Pension fund accounts currently represent around 36 per cent. of total funds
under management, which stood at £1.204 billion on 31 December 2000. Pension
fund accounts won and still in transition amount to a further £305 million.
Liontrust is advised to expect these to be fully funded by the end of March
2001.



Note 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 approximately £1.2 billion
in segregated and pooled pension fund accounts, own branded unit trusts,
investment trusts, offshore funds, personal equity plans, individual savings
accounts and externally managed funds on behalf of over 13,000 investors.



For further information please contact :

Liontrust Asset Management PLC          Nigel Legge          020-7412 1700



18 January 2001