Month End Portfolio Info

Foreign & Colonial Eurotrust PLC
15 January 2004


FOREIGN & COLONIAL EUROTRUST PLC ALL DATA AS AT 31st December 2003 THIS DATA
WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, http://www.fandc.com/ FROM
APPROXIMATELY 18th January 2004

SECTOR ALLOCATION                                                      %

Financials                                                             31
Non-Cyclical Consumer Goods                                            11
Basic Industrials                                                      10
General Industrials                                                    9
Resources                                                              9
Cyclical Services                                                      8
Non-Cyclical Services                                                  7
Cyclical Consumer Goods                                                7
Information Technology                                                 4
Utilities                                                              4
                                                                       ----
Total                                                                  100
                                                                       ====

TOP 10 HOLDINGS                                                        %

Total Fina Elf                                                         6.4
BNP Paribas                                                            4.7
UBS                                                                    4.2
AXA                                                                    3.6
Nokia                                                                  3.5
Societe Generale                                                       3.4
Saint-Gobain                                                           3.2
ING                                                                    3.1
Novartis                                                               3.1
Aventis                                                                2.9
                                                                       -----
Total                                                                  38.1
                                                                       =====

EFFECTIVE GEARING                                                      3%



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