Framlington Dual Trust Plc is a split capital investment trust. It has investments in the United Kingdom, the United States and Continental Europe. The company seeks to provide capital growth for the zero dividend preference shareholder, above average income for the income shareholders and capital growth for the capital shareholder. Equities account for 100% of the portfolio and the largest investments include; Glaxo Welcome, British Telecommunications, HSBC Hldgs, Woolwich and British Petroleum. Investment Income accounted for 96% of fiscal 1998 revenues; Commissions & Fees, 3% and Interest Income, 1%.