Holding in Company

Finsbury Trust PLC
18 January 2001



                                 SCHEDULE 10
                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Finsbury Trust PLC

2) Name of shareholder having a major interest

The Equitable Life Assurance Society

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

As above

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

The Equitable Life Assurance Society     93,000

Equitable Fund of Investment Trusts     675,000

(HSBC Global Custody Nominee A/c 888569)

5) Number of shares/amount of stock acquired

n/a

6) Percentage of issued class

n/a

7) Number of shares/amount of stock disposed

65,000

8) Percentage of issued class

0.8%

9) Class of security

Ordinary shares of 5p

10) Date of transaction

17 January 2001

11) Date company informed

18 January 2001

12) Total holding following this notification

768,000 Ordinary shares of 5p

13) Total percentage holding of issued class following this notification

9.6% of Ordinary shares of 5p