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RNS No 0511j
CHARTER EUROPEAN TRUST PLC
11 May 1999


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Charter European Trust plc

2   Name of shareholder having a major interest:

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:
Guernsey Nominees Limited               295,750   Shares
K B (C.I.) Nominees Ltd                  93,650   Shares

5   Number of shares/amount of stock acquired:
389,400

6   Percentage of issued class:
0.48%

7   Number of shares/amount of stock disposed:
-

8   Percentage of issued class:
-

9   Class of security:

Ordinary 25p Shares 

10  Date of transaction:
N/A

11  Date company informed:
11th May 1999

12  Total holding following this notification:
8,275,117

13  Total percentage holding of issued class following this notification:
10.21%

14  Contact name for queries:

K J Salt

15 Contact telephone number:
0171 475 5808

16  Name of company official responsible for making notification:

17  Date of notification:
11th May 1999


Additional Information:
This announcement results from the transfer of clients from management by
Dresdner RCM Global Investors (UK) Ltd to management by Kleinwort Benson
Channel Islands Ltd.

The interest of Kleinwort Benson Investment Management Holdings Ltd is now
8,274,317 shares (10.21%).

The interest of Dresdner Bank AG is now 8,404,670 shares (10.37%). 


END

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