SCHEDULE 10

Finsbury Life Sciences Inv Tst PLC
31 August 2000


                                  SCHEDULE 10
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

Disclosure of interest in shares and notifications of dealings under the Stock
Exchange requirements
All relevant boxes should be completed in typed block capital letters.

1. Name of Company                      2. Name of Shareholder having a
                                           substantial interest
   Finsbury Life Sciences Investment                     
   Trust PLC                               The Equitable Life Assurance
                                           Society


3. Please state whether notification  4. Name of the registered holder(s)
indicates that it is in respect of       and, if more than one holder,
holding of the Shareholder named in 2    the number of shares held by each
above or in respect of a non-            of them
beneficial interest or in the case of 
an individual holder if it is a          The Euqitable Life Assurance
holding of that person's spouse or       Society
children under the                        
age of 18                                 
                                      
As in 2
                  

5. Number of       6. Percentage of   7. Number of      8. Percentage of
shares/amount of   issued Class       shares/amount     issued Class
stock acquired                        of stock          disposed              
      Nil                N/A             300,000            1.00%
                                        

9. Class of security               10. Date of       11. Date company
                                   transaction       informed
Ordinary 25p                                                 
                                   30 August 2000    31 August 2000


12. Total holding following this   13. Total percentage holding of
notification                       issued class following this
                                   notification
                                   
    8,300,000                               27.57%