RNS No 2209n
GUINNESS FLIGHT GEARED INCOME & GROWTH TRUST PLC
9 July 1999


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
GUINESS FLIGHT GEARED INCOME & GROWTH TRUST PLC

2   Name of shareholder having a major interest:
BFS INCOME AND GROWTH TRUST PLC

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:
IN RESPECT OF HOLDING OF SHAREHOLDER IN (2) ABOVE

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
LLOYDS BANK NOMINEES LTD ACCOUNT BIG

5   Number of shares/amount of stock acquired:
NIL

6   Percentage of issued class:
NIL

7   Number of shares/amount of stock disposed:
83,000

8   Percentage of issued class:
1.372%

9   Class of security:
GEARED ORDINARY SHARES

10  Date of transaction:
8 JULY 1999

11  Date company informed:
9 JULY 1999

12  Total holding following this notification:
434,000

13  Total percentage holding of issued class following this notification:
7.174%

14  Contact name for queries:
CHRISTOPHER WISE

15 Contact telephone number:
0171 597 1843

16  Name of company official responsible for making notification:
CHRISTOPHER WISE

17  Date of notification:
9 JULY 1999


Additional Information:


END

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