Holding(s) in Company

Acorn Income Fund Ld
19 January 2005


Following a sale of 250,000 shares on 18 January 2005, the Company has been
informed that BFS Investments plc is interested in 3,018,788 shares representing
10.20% of the issued share capital of the Company.

The shares are held

BFS Income & Growth Trust                         1,262,876
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                           181,681

Date Company informed: 19 January 2005


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