Holding in Company

Mercury Grosvenor Trust PLC
14 February 2001



                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company:

   Mercury Grosvenor Trust plc

2) Name of shareholder having a major interest:

   Merchant Investors Assurance Company Limited

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:

   Beneficial

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

   Merchant Investors Assurance Company 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:

    100,000

8) Percentage of issued class:

    0.40%

9) Class of security:

    Ordinary shares of 50p each

10) Date of transaction:

    12 February 2001

11) Date company informed:

    14 February 2001

12) Total holding following this notification:

    750,000


13) Total percentage holding of issued class following this notification:

    2.98%

14) Any additional information:



15) Name of contact and telephone number for queries:

     Miss K Rucht - 020 7743 5466

16) Name and signature of authorised company official responsible for
making this notification:

     Miss K Rucht


    For Merrill Lynch Investment Managers Group Services Limited Secretary

17) Date of notification:


    14 February 2001