Month End Portfolio Info

F&C PEP & ISA Investment Trust PLC
18 June 2002


F&C PEP AND ISA INVESTMENT TRUST PLC

ALL DATA AS AT 31st May 2002

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.co.uk FROM
APPROXIMATELY 18th June 2002

SECTOR ALLOCATION                                                    %

Financials                                                        26.5
Non-Cyclical Consumer Goods                                       18.5
Cyclical Services                                                 17.6
Resources                                                         12.8
Basic Industrials                                                  6.8
Non-Cyclical Services                                              6.4
Utilities                                                            6
General Industrials                                                2.5
Information Technology                                             1.5
Cyclical Consumer Goods                                            1.1
                                                                  ----
Total                                                              100
                                                                  ====

TOP 10 HOLDINGS                                                      %

BP                                                                 6.1
GlaxoSmithKline                                                    5.5
Shell Transport & Trading                                          3.6
HSBC                                                               3.5
Barclays Bank                                                      3.1
Vodafone Group                                                     2.6
Royal Bank of Scotland                                             2.4
HBOS                                                               2.4
Astrazeneca                                                        2.3
Scottish & Southern Energy                                         2.1
                                                                  ----
Total                                                             33.6
                                                                  ====
EFFECTIVE GEARING                                                   2%


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