Holding(s) in Company

Standard Life Euro Pri Eqty Tst PLC
18 October 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company:

      Standard Life European Private Equity Trust PLC



2) Name of shareholder having a major interest
      Baillie Gifford - Monks Investment Trust


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 relates to 2 above


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


5) Number of shares/amount of stock acquired
      1,000,000 ordinary shares


6) Percentage of issued class
      0.63%


7) Number of shares/amount of stock disposed
      n/a


8) Percentage of issued class
      n/a


9) Class of security
      Ordinary


10) Date of transaction
      27 March 2002


11) Date company informed
      18 October


12) Total holding following this notification
      5,000,000


13) Total percentage holding of issued class following this notification
      3.13%


14) Any additional information
      None


15) Name of contact and telephone number for queries
      Valerie MacKenzie (Tel [phone])


16) Name and signature of authorised company official responsible for
making this notification

      Valerie MacKenzie



Date of notification 18 October 2002



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