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
                      December 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:      5 December 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

Morgan Stanley Securities Limited

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 50c each

10)  Date of transaction

29 November 2002

11)  Date company informed

4 December 2002

12)  Total holding following this notification

21,259,333 ordinary shares


13)  Total percentage holding of issued class following this
notification

3.07%

14)  Any additional information

Morgan Stanley Securities Limited (MSSL) has transferred from time
to time 4,200,000 shares to a third party on terms which gave MSSL
the right to require the return of an equivalent number of shares.
Accordingly, MSSL's interest in the 4,200,000 shares is pursuant
to Section 208(5) of the Companies Act 1985.

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 ...5 December 2002.....