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Themis FTSE Fldg Idx (TFF)

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Friday 12 November, 1999

Themis FTSE Fldg Idx

Statement re Offer Gartmore Offer

Themis FTSE Fledgling Index Tst PLC
12 November 1999


                                       
    Themis FTSE Fledgling Index Trust PLC response to unsolicited offer by
                      Gartmore Fledgling Index Trust plc
                                       

The Board of Themis FTSE Fledgling Index Trust PLC, who are being advised by
Hoare Govett Limited, note the unsolicited share offer announced yesterday by
Gartmore Fledgling Index Trust plc.  The Board are considering their response
to the offer and will make a further announcement in due course. In the
meantime, the Board recommend shareholders should take no action.


Enquiries:


Bob Cowdell
Hoare Govett Limited                           0207 678 8000




Hoare Govett Limited, which is regulated in the United Kingdom by The
Securities and Futures Authority Limited, is acting exclusively for Themis
FTSE Fledgling Index Trust PLC and for no-one else in connection with the
unsolicited share offer and will not be responsible to anyone other than
Themis FTSE Fledgling Index Trust PLC for providing the protections afforded
to customers of Hoare Govett Limited or for providing advice in relation to
the unsolicited share offer.




                              

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