Holding in Company

Value & Income Trust PLC
29 November 2000


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Value and Income Trust plc

2) Name of shareholder having a major interest

The Equitable Life Assurance Society on behalf of itself and Equitable Fund of
Investment Trusts

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

See above

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

Not disclosed

5) Number of shares/amount of stock acquired

400,000 shares

6) Percentage of issued class

0.88%

7) Number of shares/amount of stock disposed

n/a

8) Percentage of issued class

n/a

9) Class of security

Ordinary

10) Date of transaction

27 November 2000

11) Date company informed

29 November 2000

12) Total holding following this notification

2,765,000


13) Total percentage holding of issued class following this notification

6.07%

14) Any additional information

None


15) Name of contact and telephone number for queries

David Holland on 0131-313-6442

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

Date of notification ..............29 November 2000.....