Month End Portfolio Info

F&C PEP & ISA Investment Trust PLC
14 May 2002



F&C PEP AND ISA INVESTMENT TRUST PLC

ALL DATA AS AT 30th April 2002

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.co.uk FROM
APPROXIMATELY 18th May 2002
                                                                     %
SECTOR ALLOCATION
Financials                                                        25.6
Non-Cyclical Consumer Goods                                       19.1
Cyclical Services                                                 17.4
Resources                                                         12.8
Basic Industrials                                                  6.9
Non-Cyclical Services                                              6.5
Utilities                                                          6.0
General Industrials                                                2.6
Information Technology                                             1.6
Cyclical Consumer Goods                                            1.4
                                                                  ----
Total                                                              100
                                                                  ====

                                                                     %
TOP 10 HOLDINGS
GlaxoSmithKline                                                    6.4
BP                                                                 6.1
HSBC                                                               3.3
Shell Transport & Trading                                          3.2
Barclays Bank                                                      2.9
Vodafone Group                                                     2.8
Astrazeneca                                                        2.4
Royal Bank of Scotland                                             2.4
HBOS                                                               2.3
Diageo                                                             2.1
                                                                  ----
Total                                                             33.9
                                                                  ====
EFFECTIVE GEARING                                                   2%




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