RNS No 5556a
FRENCH PROPERTY TRUST PLC
28th September 1998


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

FRENCH PROPERTY TRUST PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

YALE UNIVERSITY

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 2

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

BT GLOBENET NOMINEES LTD

5)  Number of shares/amount of stock acquired.



6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

ORDINARY SHARES

10) Date of transaction

N/A

11) Date company informed

25/8/98

12) Total holding following this notification

3,304,694

13) Total percentage holding of issued class following this notification

13.21%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

ANDREW MATHER
FRIENDS IVORY & SIME PLC
0131 225 1357

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

    Date of Notification..28/9/98......................


END


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