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World Trust Fund (WTR)

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Tuesday 13 March, 2001

World Trust Fund

Holding in Company

World Trust Fund
12 March 2001



Document Dated 9 March 2001

RE: Interest in the Ordinary Shares of the World Trust Fund (the 'Company')


Pursuant to  Section 198 of the Companies Act 1985 (the 'Act'), the following
information is provided as notification of a change in interest of the
undermentioned person (the 'Interested Person') in the Company's Ordinary Shares
(the 'Relevant Share Capital'):

1.  Interested Person:                  
                                President and Fellows of Harvard College
                                c/o Harvard Management Company, Inc.
                                600 Atlantic Avenue
                                Boston, MA 02210 USA

2.  Relevant Shares:
                                644,323 ordinary shares of the World Trust Fund

3.  Registered Holder:
                        Vidacos Nominees Ltd.
                        336 Strand
                        London, WC2 R1HB

4.  The interests disclosed are not of those mentioned in section 208(5) of the 
    Act.



LETTER FROM: HARVARD MANAGEMENT COMPANY, INC.