Beta Global Emerging - Holding in Company

RNS No 4523c
BETA GLOBAL EMERGING MARKETS INVESTMENT TRUST PLC
15th July 1997


TO:    COMPANY ANNOUNCEMENTS OFFICE


WE HAVE TODAY RECEIVED THE FOLLOWING FROM JUPITER ASSET MANAGEMENT
NOTIFICATION OF HOLDINGS UNDER SECTION 198 COMPANIES ACT 1985
FOLLOWING A TRANSACTION OF 964,790 ORDINARY SHARES OF BETA GLOBAL
EMERGING MARKETS INVESTMENT TRUST PLC ON 10TH JULY 1997 WATER
PENSIONS TRUSTEES NO LONGER HOLD A NOTIFIABLE INTEREST OF BETA GLOBAL
EMERGING MARKET INVESTMENT TRUST PLC'S ORDINARY SHARES IN ISSUE.

JUPITER ASSET MANAGEMENT DOES NOT OWN ANY SHARES BENEFICIALLY, BUT
HOLDS THEM AS AN INVESTMENT MANAGER ACTING ON BEHALF OF DISCRETIONARY
CLIENTS.  THE ADDRESS OF THE INVESTMENT MANAGER IS AS STATED ON THIS
LETTERHEAD.  TO THE BEST OF OUR KNOWLEDGE AND BELIEF NONE OF THE
SHARES ARE PARTY TO ANY AGREEMENT OR ARRANGEMENT COVERED BY SECTION
204 OF THE COMPANIES ACT 1985.

FOR AND ON BEHALF OF JUPITER ASSET MANAGEMENT
KNIGHTSBRIDGE HOUSE
197 KNIGHTSBRIDGE
LONDON SW7 1RB

FROM:
CARMEN HAKHAM
COMPANY SECRETARY


END

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