RNS Number:7909B
Archimedes Investment Trust PLC
6 April 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

 1. Name of company


        Archimedes Investment 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



        4) Name of the registered holder(s) and, if more than one holder, the
        number of shares held by each of them
                  HSBC Global Custody Nominees Ltd. Designated 888107


        5) Number of shares/amount of stock acquired
                  Nil


        6) Percentage of issued class

                  Nil


        7) Number of shares/amount of stock disposed
                  13,091


        8) Percentage of issued class
                  1.068


        9) Class of security
                  50p capital shares


        10) Date of transaction
                  5 April 2001


        11) Date company informed
                  6 April 2001


        12) Total holding following this notification
                  133,573



        13) Total percentage holding of issued class following this
        notification
                  10.902


        14) Any additional information
                  Heather J Williams


        15) Name of contact and telephone number for queries
                  020 7597 1843


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


        Date of notification ...6 April 2001.....
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