Purchase of Own Securities

F&C PEP & ISA Investment Trust PLC
24 October 2002



                      F&C PEP AND ISA INVESTMENT TRUST PLC

                             PURCHASE OF OWN SHARES


1) Date of purchase:

23rd October 2002

2) Number of Ordinary Shares purchased:

70,000

3) Highest and lowest price paid per share (excluding expenses):

145p

4) The issued share capital of the Company following this buy-back will be:

Ordinary Shares - 49,480,891

5) Name and telephone number of contact for queries:

Mrs R.T. Hostler

Tel: [phone]

6) Name of authorised Company official responsible for this notification:

Mrs R.T. Hostler
For and on behalf of F&C Management Limited, Secretary

7) Date of notification

23rd October 2002


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