Portfolio Update

F&C Capital & Income Inv Tst PLC
04 July 2005


F&C Capital & Income PLC

Top ten holdings and all holdings over 5% of gross assets as at 30 June 2005:

Stock                                    % of gross assets      Market value
                                                                           £

BP                                                     6.0     10,574,200.00
Glaxosmithkline                                        5.7     10,118,990.00
Shell Transport & Trading                              5.0      8,928,238.00
HSBC Holdings                                          4.0      7,120,000.00
Vodafone Group                                         3.7      6,528,000.00
Barclays                                               3.5      6,166,050.00
Scottish & Southern Energy                             3.0      5,267,600.00
Astrazeneca                                            2.9      5,084,200.00
Lloyds TSB                                             2.9      5,061,100.00
Royal Bank of Scotland                                 2.8      5,041,140.00

                                                      39.5     69,889,518.00

Gross assets                                                     177,023,074






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