Appointment of Fund Manager

F&C Pacific Inv Tst 
19 June 2003


Date: 19 June 2003

Contact: Deborah James, F&C Management Ltd, 020 7628 8000/David Masters, Lansons
Communications, 020 7294 3687


                   F&C APPOINTS MANAGER FOR F&C PACIFIC TRUST


F&C Management Limited, a leading pan-European asset manager, is delighted to
announce that it has appointed Christian Dangerfield as fund manager for F&C
Pacific Investment Trust plc.

Christian will report to Humphrey Carey, Head of Emerging Markets for F&C
Management Ltd.  Prior to joining F&C, Christian has been at AIB Govett for 11
years, most recently as Chief Investment Officer, Asia, in Singapore, and
previously Head of Asian Equity Desk, based in London.  Christian has also
worked in Tokyo, for Cazenove & Co, during the early 1990s, as a research
analyst for Japanese Small Cap Companies.

Tony Broccardo, Chief Investment Officer at F&C said 'We are very pleased that
we have been able to appoint such an experienced and high calibre individual as
Christian to this role. Christian has 15 years of relevant experience, and he
will further strengthen our investment capabilities in this region.'

Christopher Purvis, Chairman, F&C Pacific Investment Trust plc said 'We are
delighted that F&C has appointed Christian Dangerfield to manage the F&C Pacific
Investment Trust plc.  We believe that Christian, combined with the strong team
at F&C and its capabilities within the investment trust arena, will have a
positive impact on the performance of the trust'.

Christian Dangerfield will take over the management of F&C Pacific Trust from
Tony Broccardo.  In his capacity as Chief Investment Officer and Chair of the
Asset Allocation committee Tony will continue to review asset allocation with
Christian.


                      This information is provided by RNS
            The company news service from the London Stock Exchange