Holding(s) in Company

Acorn Income Fund Ld
16 December 2004

Following a sale of 400,000 shares on 15 December 2004, the Company has been
informed that BFS Investments plc is interested in 3,269,192 shares representing
11.04% of the issued share capital of the Company.



The shares are held


BFS Income & Growth Trust                           1,512,876
BFS Equity Income & Bond Trust                      587,140
BFS Asian Assets                                    177,000
BFS UK Dual Return                                  289,091
BFS US Special Opportunities Trust                  346,000
BFS Managed Properties                              175,000
BFS Discretionary Clients                           182,085



Date Company informed: 16 December 2004


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