Holding(s) in Company

Acorn Income Fund Ld
02 December 2003

Collins Stewart Limited has notified the Company that with effect from 28
November 2003 Collins Stewart Limited and Collins Stewart (CI) Limited hold and
control 1,945,166 ordinary shares in Acorn Income Fund on behalf of
discretionary clients of the two firms. This holding equates to 6.57% of the
issued share capital of that class.



Date Company informed: 2 December 2003


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