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
                      January 2003



                     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:      2 January 2003      By:  /s/  Simon Pearce
                               Name: Simon Pearce
                              Title: Company Secretary
P&O Princess Cruises plc
On  31st December 2002, P&O Princess Cruises plc
(the  "Company") received notification  pursuant
to  Section 198 of the Companies Act  1985  that
UBS  Warburg,  a business group of  UBS  AG,  no
longer  had a notifiable interest in the  issued
ordinary share capital of the Company.