Annual Report and Accounts

Baronsmead VCT 3 PLC
24 February 2003









To:     RNS

From:     Baronsmead VCT3 plc

Date:     24 February 2003




Annual Report and Accounts for the Year to 31 December 2002



A copy of the above document has been submitted to the UK Listing Authority and
will shortly be available for inspection at the UKLA's Document Viewing
Facility, which is situation at:

Financial Services Authority

25 The North Colonade

Canary Wharf

London

E14 5HS



For further information contact:



Rhonda Nicoll, ISIS Asset Management plc: 0131 465 1074






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