SECURITIES AND EXCHANGE COMMISSION
                  WASHINGTON, DC 20549



                        FORM 6-K



                P&O PRINCESS CRUISES PLC



            REPORT OF FOREIGN PRIVATE ISSUER
        PURSUANT TO RULE 13a - 16 OR 15d - 16 OF
           THE SECURITIES EXCHANGE ACT OF 1934

                    For the month of
                      November 2002



                     Not Applicable
     (Translation of registrant's name into English)

          77 New Oxford Street, London WC1A 1PP
        (Address of principal executive offices)

 Indicate by check mark whether the registrant files or
                will file annual reports
          under cover of Form 20-F or Form 40-F

              Form 20-F X    Form 40-F ___

    Indicate by check mark whether the registrant by
furnishing the information contained in this form is also
  thereby furnishing the information to the Commission
    pursuant to Rule 12g3 - 2(b) under the Securities
                  Exchange Act of 1934

                  Yes  ____       No  X

   If "Yes" is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3 -
                        2(b) 82 -

                        SIGNATURE

Pursuant  to  the  requirements  of  the  Securities  and
Exchange Act of 1934, the registrant has duly caused this
report  to  be  signed on its behalf by the  undersigned,
thereunto duly authorized.

                P&O PRINCESS CRUISES PLC

Date:      1 November 2002      By:  /s/  Simon Pearce
                               Name: Simon Pearce
                              Title: Company Secretary


                       SCHEDULE 10

        NOTIFICATION OF MAJOR INTERESTS IN SHARES
1) Name of company

P&O Princess Cruises plc

2) Name of shareholder having a major interest

Deutsche Bank AG

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

Not stated

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

Not stated

5) Number of shares/amount of stock acquired
Not stated

6) Percentage of issued class

Not stated

7) Number of shares/amount of stock disposed

Not stated

8) Percentage of issued class

Not stated

9) Class of security

Ordinary shares of 50 cents each

10) Date of transaction

Not stated

11) Date company informed

1 November 2002

12) Total holding following this notification

80,476,191 ordinary shares


13) Total percentage holding of issued class following
this notification

11.61%

14) Any additional information

Part of holding may relate to hedging arrangements for
customer transactions

15) Name of contact and telephone number for queries

Simon Pearce 020 7805 1208

16) Name and signature of authorised company official
responsible for
making this notification
Simon Pearce, Company Secretary

Date of notification .....1 November 2002.....