RNS Number:5232R
Jersey Phoenix Trust Ld
26 September 2000


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

Notification of Major Interest in Ordinary 10p Shares

We wish to inform you that we were notified yesterday by Exeter Asset Management
Limited that they bought 590,000 shares on 21 September 2000 on behalf of Exeter
Smaller Companies Income Fund Limited.

Their aggregate holding now amounts to 3,690,000 shares allocated as follows:-

     Dartmoor Investment Trust Plc                1,500,000
     Exeter High Income Trust                       350,000
     Exeter Equity Growth & Income Fund           1,250,000
     Exeter Smaller Companies Income                590,000
     
     Total                                        3,690,000


The aggregate holding of ordinary shares of this company under the management of
Exeter Asset Management Limited now represents 11.20% of the issued share
capital.


LETTER FROM: JERSEY PHOENIX TRUST LIMITED
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