Annual Report and Accounts

Baronsmead VCT 3 PLC
03 March 2004


To:          Company Announcements


Date:        3 March 2004



Baronsmead VCT 3 plc


Annual Report and Accounts for the Year to 31 December 2003


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


Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14


For further information please contact:


Rhonda Nicoll, ISIS Asset Management plc:          0131 465 1074


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