Holding(s) in Company

RNS Number:3377D
Allianz Dresdr 2 Endw Policy TstPLC
24 September 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company


Allianz Dresdner Second Endowment Policy Trust plc


2)   Name of shareholder having a major interest

Bristol Contributory Welfare Association

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

As above

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

BNY (OCS) Nominees Limited

5)   Number of shares/amount of stock acquired

6)   Percentage of issued class

7)   Number of shares/amount of stock disposed

636,500

8)   Percentage of issued class

3.2%

9)   Class of security

2009 Shares of 1p each

10)  Date of transaction

24th September 2004

11)  Date company informed

24th September 2004

12)  Total holding following this notification

Nil


13)  Total percentage holding of issued class following this notification

This shareholder no longer has a notifiable interest

14)  Any additional information



15)  Name of contact and telephone number for queries

P W I Ingram

020 7065 1467

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


P W I Ingram


Date of notification

24th September 2004



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