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RNS No 9785v
KLEINWORT EMERGING MARKETS TRUST PLC
21st January 1998


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Kleinwort Emerging Markets Trust PLC

2   Name of shareholder having a major interest:
Dresdner Bank AG and Kleinwort Benson Group 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:
Non-beneficial (interest arises from investment management services to
discretionary clients)

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Frank Nominees Limited   A/C KOIT            1,500,000 shares
Frank Nominees Limited   (undesignated)        18,000 shares

5   Number of shares/amount of stock acquired:
-

6   Percentage of issued class:
-

7   Number of shares/amount of stock disposed:
1,518,000

8   Percentage of issued class:
5.36%

9   Class of security:
Ordinary shares of 10p

10  Date of transaction:
20th January 1998

11  Date company informed:
21st January 1998

12  Total holding following this notification:
7,638,244

13  Total percentage holding of issued class following this notification:
26.99%

14  Contact name for queries:
Paul Seaton-Burn

15 Contact telephone number:
0171 956 5275

16  Name of company official responsible for making notification:
Mr P L Longcroft

17  Date of notification:
21st January 1998

Additional Information:


The interest of Kleinwort Benson Investment Management Holdings Limited is
7,638,244 shares (26.99%).

The interest of Kleiwort Benson Investment Management Limited is 7,180,273
shares (25.37%).



END

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