RNS Number:6889Q
American Opportunity Trust PLC
08 October 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

AMERICAN OPPORTUNITY TRUST PLC

2)   Name of shareholder having a major interest

M&G GROUP 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 A NON-BENEFICIAL INTEREST

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

CLYDESDALE BANK NOMINEES LIMITED


5)   Number of shares/amount of stock acquired

N/A


6)   Percentage of issued class


N/A

7)   Number of shares/amount of stock disposed


120,000 SHARES


8)   Percentage of issued class


0.74%


9)   Class of security

ORDINARY SHARES OF 12.5p EACH

10)  Date of transaction

30 SEPTEMBER 2003

11)  Date company informed

8 OCTOBER 2003

12)  Total holding following this notification

780,000 SHARES


13)  Total percentage holding of issued class following this notification

4.81%

14)  Any additional information




15)  Name of contact and telephone number for queries

BONITA DRYDEN - 020 7747 5681

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

     Date of notification ...8 OCTOBER 2003...



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