Month End Performance

Mercury Grosvenor Trust PLC
8 March 2000



MERCURY GROSVENOR TRUST plc
All information is at 29th February 2000 and unaudited
Performance at month end with net income reinvested
                        Three    One       Three     Five
                       months    year      years     years
Net asset value         12.5%    36.1%     61.6%    168.0%
Share price              7.7%    28.2%     57.8%    146.3%
FTSE All-Share Index    -2.8%     8.6%     54.0%    133.9%
At month end
Net asset value: 369.26p (Jan 357.22p) includes current year net income of
8.01p.
Figures quoted are before the deduction of the final dividend for 1999 of 8.0p
per share.
Share price:     286.5p Discount:                          22.4%
Total assets:    £95.76m Net yield:                         2.8%
Gearing:           0.0%  Value of debt:                     Nil
Number of shares in issue: 25,933,170
The NAV is recalculated monthly with respect to cash, cash equivalents and
quoted investments in the portfolio.
Unquoted investments were last revalued at 31st December 1999.

UK Sector                      % Portfolio
Support Services                    26.7
Health                              12.7
Overseas Venture Funds               8.1
Property                             7.9
Pharmaceuticals                      6.7
Distribution                         3.7
Media                                3.1
Paper, Packaging & Printing          2.9
Engineering                          1.4
Electronics                          1.3
Hotels & Leisure                     0.9
Telecoms                             0.5
Cash/Fixed Interest                 24.1
                                   -----
                                   100.0
                                   -----
Ten Largest Investments
Company                   % Portfolio     Sector

PII                          11.0         Support Services
Greycoat Estates              7.9         Property 
Tunstall                      7.2         Health
Braitrim                      6.6         Support Services
Alizyme *                     5.6         Pharmaceuticals 
Dechra Holdings               3.6         Support Services
Weston Presidio II            3.1         Overseas Funds
Match                         2.7         Support Services 
Unicorn                       2.7         Support Services 
Bertram Group Holdings        2.6         Media
                             ----
                             53.0
                             ====

* Traded on the Alternative Investment Market

Sources: Standard & Poor's Micropal
Latest information is available by typing 'MAMINDEX' on Reuters, 'MAMI' on
Bloomberg, or '8800' on Topic3 (ICV terminal).
8th March, 2000