Holding(s) in Company

    SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

All relevant boxes should be completed in block capital letters.

1. Name of company                   2. Name of shareholder having a major     
                                        interest                               
   INVESTEC HIGH INCOME TRUST PLC                                              
                                        BFS INCOME AND GROWTH TRUST PLC        

3. Please state whether notification 4. Name of the registered holder(s) and,  
   indicates that it is in respect      if more than one holder, the number of 
   of holding of the shareholder        shares held by each of them            
   named in 2 above or in respect of                                           
   a non-beneficial interest or in      HSBC GLOBAL CUSTODY BANK NOMINEES      
   the case of an individual holder     LIMITED                                
   if it is a holding of that                                                  
   person's spouse or children under    DESIGNATED 888107                      
   the age of 18                                                               

5. Number of      6. Percentage of  7. Number of shares 8. Percentage of      
   shares/amount     issued class      /amount of stock    issued class       
   of stock                            disposed                               
   acquired          1.61                                                     
                                                                              
   450,000                                                                    

9. Class of security                10. Date of          11. Date company      
                                        transaction          informed          
   ORDINARY 25p                                                                
                                        25 JUNE 2003         3 JULY 2003       

12. Total holding following this     13. Total percentage holding of issued    
    notification                         class following this notification     
                                                                               
    1,150,000                            4.12                                  

14. Any additional information       15. Name of contact and telephone number  
                                         for queries                           
                                                                               
                                         HEATHER WILLIAMS                      
                                                                               
                                         020 7597 1843                         

16. Name and signature of authorised company official responsible for making   
    this notification                                                          
                                                                               
    HEATHER WILLIAMS                                                           
                                                                               
Date of notification 3 JULY 2003                                               



END