Director Shareholding

Finsbury Growth Trust PLC
16 May 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1)     Name of company

Finsbury Growth Trust PLC

2) Name of director

Giles Warman

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 or in
respect of a non-beneficial interest

Beneficial holding of Giles Warman

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

Rock (Nominees) Limited

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)


As is 2 above

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Beneficial holding

7) Number of shares/amount of stock acquired

19,920

8) Percentage of issued class

0.05%

 9. Number of shares/amount of stock disposed


n/a

10) Percentage of issued class

n/a

11) Class of security

Ordinary Shares of 25p each

12) Price per share

187.5p

13) Date of transaction

16 May 2002

14) Date company informed

16 May 2002

15) Total holding following this notification

25,000

16) Total percentage holding of issued class following this notification

0.06%


17) Any additional information

Finsbury Growth Trust PLC has received exemption from the close period
provisions of the Model Code in respect of the interim results for the six
months to 30 March 2002.

24) Name of contact and telephone number for queries

Louise Hayward

Close Finsbury Asset Management Limited

Secretary

020 7426 6219

16 May 2002



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