RNS Number:3852P
American Opportunity Trust PLC
04 September 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

NORTH ATLANTIC SMALLER COMPANIES INVESTMENT 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

AS IN 2 ABOVE

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

THE BANK OF NEW YORK (NOMINEES) LIMITED


5)   Number of shares/amount of stock acquired

3,734,000 SHARES


6)   Percentage of issued class


23.4%

7)   Number of shares/amount of stock disposed

8)   Percentage of issued class

9)   Class of security

ORDINARY SHARES OF 12.5p EACH

10)  Date of transaction

2 SEPTEMBER 2003

11)  Date company informed

2 SEPTEMBER 2003

12)  Total holding following this notification

8,114,000 SHARES


13)  Total percentage holding of issued class following this notification

50.9%

14)  Any additional information

ACQUISITION OF SHARES ARISING UPON CONVERSION OF

LOAN STOCK


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 ...4 SEPTEMBER 2003...





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