RNS Number:0667S
BFS Asian Assets Trust Ld
5 October 2000


NOTIFICATION OF CHANGE TO A NOTIFIABLE INTEREST IN COMPANY

BFS ASIAN ASSETS TRUST LIMITED (THE "COMPANY")

Exeter Asset Management Limited has informed the Company that it has a
non-beneficial notifiable interest in 5,400,000 income shares comprising 6.32%
of the issued share capital of the Company.

For further information contact:

J R Prevost, for Company Secretary    01481 233378


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     BFS ASIAN ASSETS TRUST LIMITED

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     EXETER SMALLER COMPANIES INCOME FUND LIMITED

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

     NOTIFICATION IN RESPECT OF SHAREHOLDER

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

     THE BANK OF NEW YORK NOMINEES LIMITED

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     1,040,000

8)   (1.22%) of issued Class

       

9)   Class of security

     INCOME SHARES OF 0.1 PENCE EACH FULLY PAID (DISPOSED OF BY THE SALE OF     
    GEARED ORDINARY UNITS - EACH UNIT REPRESENTS ONE CAPITAL SHARE AND ONE      
   INCOME SHARE OF 0.1 PENCE EACH FULLY PAID)


10)  Date of transaction

     4TH OCTOBER 2000

11)  Date company informed

     5th OCTOBER 2000

12)  Total holding following this notification

     2,400,000 INCOME SHARES
               
              
13)  Total percentage holding of issued class following this notification

     2.82% INCOME SHARES

14)  Any additional information

     NONE

15)  Name of contact and telephone number for queries

     COMPANY SECRETARY, ANSON SECRETARIES LIMITED 
     01481 233378


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

     Date of Notification ......  5th OCTOBER 2000



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