RNS No 4361a
GUINNESS FLIGHT GEARED INCOME & GROWTH TRUST PLC
14 July 1999


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
GUINNESS FLIGHT GEARED INCOME & GROWTH TRUST 

2   Name of shareholder having a major interest:
MURRAY JOHNSTONE LIMITED

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 MURRAY GLOBAL RETURN TRUST 

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

5   Number of shares/amount of stock acquired:
100,000

6   Percentage of issued class:
1.653%

7   Number of shares/amount of stock disposed:
NIL

8   Percentage of issued class:
NIL

9   Class of security:
5p GEARED ORDINARY SHARES

10  Date of transaction:
5 JULY 1999

11  Date company informed:
12 JULY 1999

12  Total holding following this notification:
582,100

13  Total percentage holding of issued class following this notification:
9.621%

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:
14 JULY 1999


Additional Information:


END

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