RNS Number:1028S
Jersey Phoenix Trust Ld
5 October 2000

LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

NOTIFICATION OF MAJOR INTEREST IN ORDINARY 10p SHARES

We wish to inform you that we were notified today by Exeter Asset Management
Limited that, on 4 October 2000, they sold 850,000 shares on behalf of Exeter
Equity Growth and Income Fund Limited and sold 350,000 shares on behalf of
Exeter High Income Trust. 

Their aggregate holding now amounts to 2,540,000 shares allocated as follows:-

Dartmoor Investment Trust Plc          1,500,000
Exeter High Income Trust                     NIL
Exeter Equity Growth & Income Fund       450,000
Exeter Smaller Companies Income          590,000
Total                                  2,540,000


The aggregate holding of ordinary shares of this company under the management of
Exeter Asset Management Limited now represents 7.71% of the issued share
capital.

LETTER FROM: JERSEY PHOENIX TRUST LIMITED
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