Holding in Company

Value & Income Trust PLC
8 November 2000

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company
Value and Income Trust plc


2) Name of shareholder having a major interest
The Scottish American Investment Company PLC


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
On behalf 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
n/a


6) Percentage of issued class
n/a


7) Number of shares/amount of stock disposed
1,506,605


8) Percentage of issued class
3.3%


9) Class of security
ordinary shares


10) Date of transaction
8/11/00


11) Date company informed
8/11/00


12) Total holding following this notification
3,500,000



13) Total percentage holding of issued class following this notification
7.68%


14) Any additional information
n/a


15) Name of contact and telephone number for queries
David Holland - 0131 313 6442


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

Date of notification .8 November.2000