Holding in Company

Aberforth Smaller Companies Tst PLC
14 November 2000



Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Aberforth Smaller Companies Trust plc

2   Name of shareholder having a major interest:
Britannic Investment Managers Limited

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:
Notification is in respect of a non-beneficial interest of the shareholder
named in 2 above

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
1.  Vidacos Nominees Limited = 2,420,026
2.  Clydesdale Bank Nominees Limited = 1,579,974

5   Number of shares/amount of stock acquired:
2,000,000

6   Percentage of issued class:
2.40%

7   Number of shares/amount of stock disposed:
N/A

8   Percentage of issued class:
N/A

9   Class of security:
Ordinary Shares of 1p

10  Date of transaction:
Not Given

11  Date company informed:
14 November 2000

12  Total holding following this notification:
4,000,000

13  Total percentage holding of issued class following this notification:
4.80%

14  Contact name for queries:
Angus McCallum

15 Contact telephone number:
0131 220 0733

16  Name of company official responsible for making notification:
Angus McCallum

17  Date of notification:
14 November 2000


Additional Information: