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RNS No 0123a
KLEINWORT EMERGING MARKET TRUST PLC
22nd January 1998


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
AMENDMENT TO ANNOUNCEMENT DATED 21.1.98

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)        15,000 shares

5   Number of shares/amount of stock acquired:
-

6   Percentage of issued class:
-

7   Number of shares/amount of stock disposed:
1,515,000

8   Percentage of issued class:
5.35%

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:
7,641,244

13  Total percentage holding of issued class following this notification:
27.00%

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:
22nd January 1998


Additional Information:

The interest of Kleinwort Benson Investment Management Holdings Limited is
7,641,244 shares (27.00%).

The interest of Kleiwort Benson Investment Management Limited is 7,183,273
shares (25.38%).


END

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