Holding in Company

Pacific Horizon Investment Tst PLC
21 July 2000


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
PACIFIC HORIZON INVESTMENT TRUST PLC

2   Name of shareholder having a major interest:
BAE SYSTEMS PENSION PLAN TRUSTEES 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:


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

5   Number of shares/amount of stock acquired:
3,100,000

6   Percentage of issued class:
3.93%

7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
ORDINARY 10P SHARES

10  Date of transaction:
18 JULY 2000

11  Date company informed:
19 JULY 2000

12  Total holding following this notification:
4,600,000

13  Total percentage holding of issued class following this notification:
5.83%

14  Contact name for queries:
PAUL CONNOLLY

15 Contact telephone number:
0131 474 3210

16  Name of company official responsible for making notification:


17  Date of notification:


Additional Information: