Holding in Company

Finsbury Worldwide Pharm Tst PLC
1 August 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     FINSBURY WORLDWIDE PHARMACEUTICAL TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     RELIANCE MUTUAL INSURANCE SOCIETY LTD.

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 ABOVE

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

     AS IN 2 ABOVE

5)   Number of shares/amount of stock acquired.

     N/A

6)   (N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     250,000

8)   (0.65%) of issued Class

9)   Class of security

     ORDINARY 25P

10)  Date of transaction

     31 JULY 2000

11)  Date company informed

     1 AUGUST 2000

12)  Total holding following this notification

     1,750,000
               
13)  Total percentage holding of issued class following this notification

     4.53%

14)  Any additional information



15)  Name of contact and telephone number for queries

     LOUISE HAYWARD    020 7426 6219

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

     Date of Notification .....1 AUGUST 2000..............