RNS Number:8871N
Britannic Smaller Companies Tst PLC
23 July 2003


                     BRITANNIC SMALLER COMPANIES TRUST PLC

                CONTACT: MARIE ROSS (TEL NO: 0141 - 222 - 8288)

                                  23 JULY 2003



Announcement begins


Britannic Smaller Companies Trust PLC announces that it has received
notification that as at 16 July 2003 Merrill Lynch Investment Managers Limited
does not have an interest in the shares of the Company which is notifiable under
Sections 198-202 Companies Act 1985, as amended.  The Company has received
further information that as at 22 July 2003 the total interest held by Merrill
Lynch Investment Managers Limited's clients in the Company is 3,028,342 Ordinary
Shares representing 8.00% of the issued share capital.


Announcement ends







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            The company news service from the London Stock Exchange

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