RNS NO 9988V
BUCHANAN SPECIAL EMERGING MARKETS FUND LIMITED
26th May 1998


The Buchanan Special Emerging Markets Fund Limited ("the
Company")

NOTIFICATION OF MAJOR INTEREST IN SHARES

The Company was informed on 6 March 1998 by Credit Suisse
First Boston (Europe) Limited, the investment manager of the
Company, that they purchased 145,677 ordinary shares of
US$0.01 of the Company on 11 February 1998.  This represents
9.01% of the issued ordinary share capital of the Company.


END

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