Month end portfolio info

F&C PEP & ISA Investment Trust PLC
19 November 2002

F&C PEP AND ISA INVESTMENT TRUST PLC

ALL DATA AS AT 31st October 2002

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

SECTOR ALLOCATION                                                              %

Financials                                                                 26.95
Non-Cyclical Consumer Goods                                                19.76
Cyclical Services                                                          17.35
Resources                                                                   12.3
Non-Cyclical Services                                                       8.03
Utilities                                                                   6.47
Basic Industrials                                                           5.68
General Industrials                                                         1.59
Information Technology                                                      1.18
Cyclical Consumer Goods                                                     0.69
                                                                            ----
Total                                                                        100
                                                                            ====

TOP 10 HOLDINGS                                                                %

GlaxoSmithKline                                                             6.37
BP                                                                          5.73
HSBC                                                                        3.86
Vodafone Group                                                              3.80
Shell Transport & Trading                                                   3.68
Barclays Bank                                                               3.09
HBOS                                                                        2.69
Scottish & Southern Energy                                                  2.58
Royal Bank Of Scotland Group                                                2.45
Astrazeneca                                                                 2.43
                                                                            ----
Total                                                                      36.68
                                                                            ====
EFFECTIVE GEARING                                                             0%


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