Portfolio Update

Finsbury Growth & Income Trust PLC
02 July 2004

                                                                     2 July 2004


                         FINSBURY GROWTH & INCOME TRUST PLC
                                  (the 'Company')

                         QUARTERLY STATEMENT OF INVESTMENTS

In compliance with the Listing Rules - Chapter 21 Investment Entities (I)(ii),
the Company discloses the following:

  • Investments valuing greater than 5% of the Company's gross assets comprise
    the following:


Company Name                                                        Value of Investment at      % of Total
                                                                                            Portfolio  Assets
                                                                         30 June 2004
Cadbury Schweppes Ord                                                     7,707,150                9.13
Wolverhampton & Dudley Breweries                                          6,612,704                7.84
Barr (AG) Ord                                                             6,016,503                7.13
Halifax Non Cum Pref                                                      5,426,154                6.43
HBOS Ord                                                                  5,289,375                6.27
Shell Transport & Trading Ord                                             4,916,896                5.83
Reuters Group Ord                                                         4,668,300                5.53
Glenmorangie 'A' Ord                                                      4,565,000                5.41
Manchester United FC Ord                                                  4,474,009                5.30



  • The ten largest investments held by the Company comprise the following:


Company Name                                                         Value of Investment at      % of Total
                                                                                              Portfolio Assets
                                                                   30 June 2004

Cadbury Schweppes Ord                                                      7,707,150                9.13
Wolverhampton & Dudley Breweries                                           6,612,704                7.84
Barr (AG) Ord                                                              6,016,503                7.13
Halifax Non Cum Pref                                                       5,426,154                6.43
HBOS Ord                                                                   5,289,375                6.27
Shell Transport & Trading Ord                                              4,916,896                5.83
Reuters Group Ord                                                          4,668,300                5.53
Glenmorangie 'A' Ord                                                       4,565,000                5.41
Manchester United FC Ord                                                   4,474,009                5.30
Bradfor & Bingley Ord                                                      4,177,500                4.95


                                    - ENDS -



For further information please contact:

Tracey Lago, Company Secretary

Close Finsbury Asset Management Limited

Telephone: [phone]


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