Portfolio Update

Finsbury Growth & Income Trust PLC
04 April 2005

                                                                    4 April 2005


                       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
                                                                        31 March 2005        Portfolio Assets

HBOS Ord                                                                  15,669,936              14.55
Cadbury Schweppes Ord                                                     8,859,350                8.22
Wolverhampton & Dudley Breweries                                          8,580,499                7.96
Barr (AG) Ord                                                             8,172,975                7.59
Diageo Ord                                                                7,646,500                7.10
Lloyds TSB Group Ord                                                      6,214,000                5.77
Shell Transport & Trading Ord                                             5,773,858                5.36
Reuters Group Ord                                                         5,536,560                5.14


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


Company Name                                                        Value of Investment at      % of Total
                                                                         31 March 2005       Portfolio Assets

HBOS Ord                                                                  15,669,936              14.55
Cadbury Schweppes Ord                                                     8,859,350                8.22
Wolverhampton & Dudley Breweries                                          8,580,499                7.96
Barr (AG) Ord                                                             8,172,975                7.59
Diageo Ord                                                                7,646,500                7.10
Lloyds TSB Group Ord                                                      6,214,000                5.77
Shell Transport & Trading Ord                                             5,773,858                5.36
Reuters Group Ord                                                         5,536,560                5.14
Reed Elsevier Ord                                                         4,936,500                4.58
Bradford & Bingley Ord                                                    4,612,500                4.28


                                    - 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