Listing Announcement

The Cayman Islands Stock Exchange hereby admits the following securities to listing:

Effective Date:6-Jan-2000
Name of Issuer:Arrowsmith Fund Limited
Description:4,000,000 Participating Redeemable Preference Shares of US$0.01 par value


Continuous offer for subscription. Primary listing of open-ended mutual fund.


Copies of the listing document may be obtained during normal business hours at the offices of the Exchange and at W&P Fund Services Ltd., Cumberland House,P.O.Box N-4836, Nassau, Bahamas.