Holding in Company

Martin Currie High Income Trust PLC
3 November 2000


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Martin Currie High Income 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:
As in (2)

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
As in (2)

5   Number of shares/amount of stock acquired:


6   Percentage of issued class:


7   Number of shares/amount of stock disposed:
500,000

8   Percentage of issued class:
2.53%

9   Class of security:
Capital shares 5p

10  Date of transaction:
01 November 2000

11  Date company informed:
02 November 2000

12  Total holding following this notification:
5,390,000

13  Total percentage holding of issued class following this notification:
27.22%

14  Contact name for queries:
Jan Wilson

15 Contact telephone number:
0131 479 4774

16  Name of company official responsible for making notification:
Martin Currie Investment Management Limited

17  Date of notification:
03 November 2000

Additional Information: