Holding in Company

Finsbury Life Sciences Inv Tst PLC
7 June 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Finsbury Life Sciences Investment Trust PLC

2) Name of shareholder having a major interest

Finsbury Trust PLC

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

As above

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

Bank of New York Nominees Limited

5) Number of shares/amount of stock acquired

n/a

6) Percentage of issued class

n/a

7) Number of shares/amount of stock disposed

300,000

8) Percentage of issued class

1.0%

9) Class of security

Ordinary Shares of 25p each

10) Date of transaction

27 March 2001

11) Date company informed

6 June 2001

12) Total holding following this notification

600,000


13) Total percentage holding of issued class following this notification

2.0%

14. Any additional information

    n/a


15) Name of contact and telephone number for queries

David Fallon

Close Finsbury Asset Management Limited

020 7426 6235

7 June 2001