Transaction in Own Shares

F&C Capital & Income Inv Tst PLC
27 May 2004


F&C CAPITAL AND INCOME INVESTMENT TRUST PLC

TRANSACTION IN OWN SHARES


F&C Capital and Income Investment Trust PLC (the "Company") today announces that
it has made the following purchase of its own shares:

Date of Purchase:                                               26 May 2004
Number of ordinary shares purchased:                            68,289
Highest and lowest price paid per share (excluding expenses):   160p


                   The Company intends to hold the purchased shares in treasury.

        Following the purchase of these shares, the Company holds 143,289 of its
        ordinary shares in treasury and had 48,059,752 ordinary shares in issue.


                               Name and telephone number of contact for queries:

                                                                    Mr D. Fallon
                                                              Tel: [phone]

          Name of authorised Company official responsible for this notification:

                                                                     Mr D Fallon
                          For and on behalf of F&C Management Limited, Secretary

                                                            Date of notification

                                                                     26 May 2004


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