Holding(s) in Company

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company
     Edinburgh US Tracker Trust plc


2) Name of shareholder having a major interest
     Gerrard 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
     In respect of 2 above


4) Name of the registered holder(s) and, if more than one holder, the
 number of shares held by each of them
     Not disclosed


5) Number of shares/amount of stock acquired
     Not disclosed

6) Percentage of issued class
     Not disclosed

7) Number of shares/amount of stock disposed
     n/a


8) Percentage of issued class
     n/a


9) Class of security
     Ord


10) Date of transaction
     3 June 2003


11) Date company informed
     5 June 2003


12) Total holding following this notification
     8,837,631 shares

13) Total percentage holding of issued class following this notification
     10.0%

14) Any additional information
     No


15) Name of contact and telephone number for queries
     Valerie Mackenzie 0131 313 6321

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

     Valerie Mackenzie
 Date of notification 5/6/03