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Exeter Smaller Co's (ESC)

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Tuesday 26 September, 2000

Exeter Smaller Co's

Holding in Company

Exeter Smaller Co's Income Fund Ld
25 September 2000


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Exeter Smaller Companies Income Fund Limited

2   Name of shareholder having a major interest:
Leggmason Investors Income & Growth Trust 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:
As Above

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
HSBC Global Custody Nominees (UK) Ltd

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

6   Percentage of issued class:
8.58

7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
Ordinary shares of 10p

10  Date of transaction:
21/9/00

11  Date company informed:
22/9/00

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

13  Total percentage holding of issued class following this notification:
8.58

14  Contact name for queries:
Marco Ferreira

15 Contact telephone number:
01481 710607

16  Name of company official responsible for making notification:
Graham Taylor

17  Date of notification:
25/9/00


Additional Information: