Holding(s) in Company

BFS Small Co Div Tst PLC
28 January 2002



BFS Small Companies Dividend Trust PLC


The Company was today notified by Premier Recovery Trust PLC that on 25 January
2002 they sold 800,000 Ordinary shares of the Company.  As a result Premier
Recovery Trust PLC no longer have a holding in the Ordinary shares of the
Company.


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