Holding in Company

Finsbury Life Sciences Inv Tst PLC
17 July 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

The Equitable Life Assurance Society

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

Not stated

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

6,575,000

8) Percentage of issued class

21.84%

9) Class of security

Ordinary shares of 25p each

10) Date of transaction

16 July 2001

11) Date company informed

17 July 2001

12) Total holding following this notification

nil


13) Total percentage holding of issued class following this notification

nil

14) Any additional information

none

15) Name of contact and telephone number for queries

David Fallon

Close Finsbury Asset Management Limited

Secretary

Tel: [phone]

17 July 2001