Holding(s) in Company

Acorn Income Fund Ld
03 March 2004

Following a purchase of 290,000 shares on 2 March 2004, the Company has been
informed that BFS Investments plc is interested in 3,669,263 shares representing
12.40% of the issued share capital of the Company.


The shares are held


BFS Income & Growth Trust                           1,500,000
BFS Equity Income & Bond Trust                      587,140
BFS Absolute Return Trust                           400,000
BFS Asian Assets                                    177,000
BFS UK Dual Return                                  286,324
BFS US Special Opportunities Trust                  346,000
BFS Managed Properties                              175,000
BFS Discretionary Clients                           197,799


Date Company informed: 3 March 2004

                      This information is provided by RNS
            The company news service from the London Stock Exchange