RNS No 8069p
AUSTRALIAN OPPORTUNITIES INVESTMENT TRUST PLC
1st July 1997


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Australian Opportunities Investment Trust Plc

2   Name of shareholder having a major interest:
SWISS BANK CORPORATION

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:
Notification is in respect of 2 above

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Apollo Nominees Ltd A/C CRE - 1,321,713

5   Number of shares/amount of stock acquired:
NOT DISCLOSED

6   Percentage of issued class:
NOT DISCLOSED

7   Number of shares/amount of stock disposed:
-

8   Percentage of issued class:
-

9   Class of security:
ORDINARY SHARES

10  Date of transaction:
NOT DISCLOSED

11  Date company informed:
30 June 1997

12  Total holding following this notification:
1,321,713

13  Total percentage holding of issued class following this notification:
11.64%

14  Contact name for queries:
JONATHAN BEATER

15 Contact telephone number:
0171 222 2020

16  Name of company official responsible for making notification:
JONATHAN BEATER

17  Date of notification:
1 JULY 1997


Additional Information:



END