Month End Portfolio Info

F&C Pacific Inv Tst 
15 January 2004


F&C PACIFIC INVESTMENT TRUST PLC ALL DATA AS AT 31st December 2003 THIS DATA
WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM
APPROXIMATELY 18th January 2004

GEOGRAPHICAL ASSET ALLOCATION                                                %
JAPAN                                                                        40
AUSTRALIA                                                                    17
TAIWAN                                                                       7
SOUTH KOREA                                                                  7
HONG KONG                                                                    7
CHINA                                                                        6
CASH & FI                                                                    6
THAILAND                                                                     4
MALAYSIA                                                                     2
INDIA                                                                        2
SINGAPORE                                                                    2
                                                                            ----
Total                                                                        100
                                                                            ====
TOP 10 HOLDINGS                                                              %
Samsung Electronics                                                          3.5
Toyota Motor                                                                 3.3
Indian Investment Co                                                         2.3
BHP Billiton                                                                 2.2
Kasikornbank                                                                 2.2
NTT Docomo                                                                   1.9
Sumitomo Mitusui Fin                                                         1.8
Australia & New Zealand Bank                                                 1.6
Takeda Chemical                                                              1.5
Leopalace21                                                                  1.5
                                                                            ----
Total                                                                       21.8
                                                                            ====
EFFECTIVE GEARING                                                             3%


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