RNS Number:6744J
F&C Private Equity Trust PLC
11 December 2007


TR-1(i):       NOTIFICATION OF MAJOR INTERESTS IN SHARES 

1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached(ii):


F&C Private Equity

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                X

An acquisition or disposal of financial instruments which may result in the
acquisition of    shares already issued to which voting rights are attached

An event changing the breakdown of voting rights                                             

Other (please specify): Change in issued share capital                                       


3. Full name of person(s) subject to the notification obligation
(iii):
                                                                 
Asset Value Investors Limited


4. Full name of shareholder(s) (if different from 3.)(iv):

1.           AVI Value Fund                    517,616

2.           British Empire                  1,930,314

3.           Carnegie                          125,141

4.           CF AVI Global Fund                238,250

5.           Columbia (non voting)             124,142

6.           LNS01                             129,969

7.           Rockefeller                       175,403

8.           Yale University                   579,616


5. Date of the transaction (and date on which the threshold is   
crossed or reached if different)(v):

7 December 2007

6. Date on which issuer notified:                                

10 December 2007

7. Threshold(s) that is/are crossed or reached:

5%,3%


8. Notified details:                                                                

-





A: Voting rights attached to shares
Class/type of    Situation previous to   Resulting situation after the triggering transaction(vii)
shares           the Triggering
                 transaction (vi)
 if possible     Number of   Number of   Number of       Number of voting rights   % of voting rights
using the ISIN   Shares      Voting      shares          ix
CODE                         Rights viii Direct          Direct  x  Indirect xi    Direct   Indirect


Ordinary 'B'

GB0030738164     3,820,451   3,696,309   0               0          0              0        0



B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument           xiii            Period/ Date xiv          that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.
         -


Total (A+B)
Number of voting rights                            % of voting rights


0                                                  0%




9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable xv:

Bank of New York Nominees acts as custodian for the AVI Value Fund LLC

JPMorgan Chase Nominees acts as custodian for British Empire Securities

State Street Nominees acts as custodian for Carnegie Corporation

Bank of New York Nominees acts as custodian for the CF AVI Global Fund

Mellon Nominees acts as custodian for The Trustees of Columbia University (non-voting)

Pictet Nominees acts as custodian for LNS01

JPMorgan Chase Nominees acts as custodian for The Rockefeller University

Northern Trust Nominees acts as custodian for Yale University


Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:                               -
14. Contact name:                                    Steven Ross
15. Contact telephone number:                        0207 628 8000



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