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Finsbury Growth Tst. (FGT)

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Thursday 12 October, 2000

Finsbury Growth Tst.

Purchase of Own Securities

Finsbury Growth Trust PLC
12 October 2000




FINSBURY GROWTH TRUST PLC

REPURCHASE OF ORDINARY SHARES

The Board of Finsbury Growth Trust PLC announces that on 11 October 2000 the
Company repurchased for cancellation 52,500 of the Company's ordinary shares of
25p, representing 0.1% of the issued ordinary share capital, at a price of
196.5p per share.

To date the Company has repurchased a total of 6,678,570 ordinary shares,
representing 14.5% of the original issued ordinary share capital.  There are
39,321,430 ordinary shares remaining in issue.


For further information, please contact:

Alastair Smith
Close Finsbury Asset Management Limited
020 7426 6240