13  Investments – other

		Unlisted investments at cost £m		Own shares held under trust1 £m		Total £m
Group
At January 1, 2000		21		10		31
Additions less amortisation		2		—		2
At December 31, 2000		23		10		33
Company
At January 1, 2000		—		10		10
Additions less amortisation		—		—		—
At December 31, 2000		—		10		10

¹Ordinary shares in the Company are held in two trusts:

i) as part of the long-term incentive plan (LTIP), the Rolls-Royce 1999 executive share option plan and other employee share schemes
(see Remuneration report on pages 30 to 36).
This independently managed trust purchased shares on the open market:

				£m
	June 25, 1997	672,891 at £2.42 per share		1.6
	April 24, 1998	651,103 at £2.82 per share		1.8
	March 26, 1999	569,800 at £2.54 per share		1.4
	June 30, 1999	1,475,000 at £2.73 per share		4.0

At December 31, 2000, these shares had a market value of £6.7m. In accordance with UITF 17 ‘Employee share schemes', the Company is required to amortise the cost of likely awards over each separate performance measurement period and to include this charge as part of the cost of ‘wages and salaries'.

The UITF is a committee of the Accounting Standards Board.

ii) in respect of a qualifying employee share trust (QUEST), which provides employees with shares under Inland Revenue approved Save As You Earn (SAYE) share schemes. In accordance with UITF 17 (Revised), no amortisation charge has been made. At December 31, 2000, a total of 2,321,587 of these shares had still not been allocated to option holders, their market value being £4.6m. These outstanding allocations are expected to occur in 2001.

Both trusts have waived dividends and voting rights, and their costs of administration have been charged to the Company's profit and loss account.