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Themis FTSE Fldg Idx (TFF)

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Monday 22 November, 1999

Themis FTSE Fldg Idx

Acceptances of Gartmore Offer

Themis FTSE Fledgling Index Tst PLC
22 November 1999


              GARTMORE FLEDGLING INDEX TRUST PLC
                    ('Gartmore Fledgling')
                           OFFER FOR
             THEMIS FTSE FLEDGLING INDEX TRUST PLC
                     ('Themis Fledgling')
                               
                               
                   Acceptances of the Offer
                               
                               
The  Board  of Gartmore Fledgling announces that by 3pm  on  22
November  1999  valid  acceptance  under  the  Offer  had  been
received  in  respect  of  7,466,772 Themis  Fledgling  Shares,
representing approximately 14.9 per cent. of the issued  Themis
Fledgling  Shares.  The first closing date of the  Offer  is  2
December 1999.

Prior  to  the  offer  period, a Themis  Fledgling  Shareholder
holding   10,585,000  Themis  Fledgling  Shares,   representing
approximately 21.1 per cent of the current issued share capital
of  Themis Fledgling, irrevocably undertook to accept the Offer
and,  in  addition,  Themis Fledgling Shareholders  holding  in
aggregate  13,591,951  Themis  Fledgling  Shares,  representing
approximately  27.0  per  cent. of  the  current  issued  share
capital  of  Themis  Fledgling, indicated  their  intention  to
accept the Offer.  Taken together, this irrevocable undertaking
and  these  letters of intent represent 48.1 per cent.  of  the
current issued share capital of Themis Fledgling.

None of the Themis Fledgling shareholders who have provided  an
irrevocable  undertaking  or  letter  of  intent  to   Gartmore
Fledgling  are included in the 14.9 per cent. acceptance  level
referred to above.

Save  as  disclosed above, neither Gartmore Fledgling  nor  any
party acting in concert or deemed to be acting in concert  with
Gartmore  Fledgling  held,  or held  rights  over,  any  Themis
Fledgling  Shares on or before the commencement  of  the  offer
period  nor  has any such person acquired or agreed to  acquire
any Themis Fledgling Shares or rights over any Themis Fledgling
Shares since the commencement of the offer period.

The Board of Gartmore Fledgling also reminds Gartmore Fledgling
Shareholders that an Extraordinary General Meeting of  Gartmore
Fledgling will take place on 29 November 1999 at 10.00 a.m.  to
seek shareholder approval for the Offer.

Enquiries:-

Gartmore Investment Limited  Tel:  0207 782 2000
Michael Wrobel
Gary Smith

Dresdner Kleinwort Benson    Tel:  0207 623 8000
Andrew Zychowski


The  definitions used in the Offer Document dated  11  November
1999  apply  in  this  press release, save  where  the  context
otherwise requires.

Dresdner  Kleinwort Benson, which is regulated  in  the  United
Kingdom  by  The Securities and Futures Authority  Limited,  is
acting  exclusively for Gartmore Fledgling and for no-one  else
in  connection  with the Offer and will not be  responsible  to
anyone   other  than  Gartmore  Fledgling  for  providing   the
protections afforded to customers of Dresdner Kleinwort  Benson
or for providing advice in relation to the Offer.

The Offer is not being made, directly or indirectly, in or into
the  United  States,  Canada,  Australia  or  Japan,  and  this
announcement  must  not be mailed or otherwise  distributed  or
sent to any persons in the United States, Canada, Australia  or
Japan.



                                                                                                                            

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