Re: Investment Policy

F&C Capital & Income Inv Tst PLC
16 October 2003

The Board of F&C Capital and Income Investment Trust PLC (the 'Company') notes
the publication of the Investment Entities (Listing Rules and Conduct of
Business) Instrument 2003 and announces that, while the Company may from time to
time hold shares in other listed investment companies (including investment
trusts), it is the Company's policy to invest no more than 15 per cent of its
gross assets in other UK listed investment companies (including listed
investment trusts). The implementation of this policy will not require the
Company to dispose of any existing shareholding.




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

MSCUVVVROBRRAAA