Director Shareholding

Finsbury Growth Trust PLC
28 February 2001


                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Finsbury Growth Trust PLC

2) Name of director

John Allard

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 or in respect of a
non-beneficial interest

As above

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

Share Nominees Limited

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

n/a

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Beneficial purchase for an ISA

7) Number of shares/amount of
stock acquired

3,491

8) Percentage of issued class

0.009%

9) Number of shares/amount
of stock disposed

n/a

10) Percentage of issued class

n/a

11) Class of security

Ordinary shares of 25p each

12) Price per share

197.5p

13) Date of transaction

26 February 2001

14) Date company informed

28 February 2001

15) Total holding following this notification

3,491

16) Total percentage holding of issued class following this notification

0.009%