RNS Number:6701N
St.David's Inv Tst PLC
17 July 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
St. David's Investment Trust PLC

2. Name of shareholder having a major interest
BC Asset Management

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




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




5. Number of shares / amount of stock acquired
N/A

6. Percentage of issued class
N/A

7. Number of shares / amount of stock disposed
1,600,000

8. Percentage of issued class
1.98%

9. Class of security
Ordinary 1p shares

10. Date of transaction
16 July 2003





11. Date company informed
17 July 2003

12. Total holding following this notification
4,358,934

13. Total percentage holding of issued class following this notification
5.39%

14. Any additional information
Following this transaction, the breakdown of holdings is as follows:

Trust name                                Number of shares held        Percentage of issued share capital
US Growth and Income Fund                 Nil                          Nil
BC Income & Growth Fund                   2,000,000                    2.47%
Property Income & Growth Fund             2,358,934                    2.92%
Total                                     4,358,934                    5.39%



15. Name of contact and telephone number for queries
Ruth Humphrey, 020 7463 6305

16. Name and signature of authorised company official responsible for making
this notification
Aberdeen Asset Management PLC - Secretary

Date of notification
17 July 2003




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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