Portfolio Update

Finsbury Growth & Income Trust PLC
05 July 2006



                                                                  5 July 2006





                       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 2006
HBOS                                                                      20,740,656              13.42
DIAGEO ORD GBP0.28935185                                                  12,848,961               8.31
CADBURY SCHWEPPES ORD GBP0.125                                            10,106,670               6.54
WOLVERHAMPTON & DUDLEY BREWERIES GBP29.5                                  10,091,045               6.53
BARR (AG) ORD GBP0.25                                                     9,327,200                6.03
LLOYDS TSB GROUP ORD GBP0.25                                              8,728,559                5.65





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


Company Name                                                        Value of Investment at      % of Total
                                                                                             Portfolio Assets
                                                                       30 June 2006

HBOS                                                                      20,740,656              13.42
DIAGEO ORD GBP0.28935185                                                  12,848,961               8.31
CADBURY SCHWEPPES ORD GBP0.125                                            10,106,670               6.54
WOLVERHAMPTON & DUDLEY BREWERIES GBP29.5                                  10,091,045               6.53
BARR (AG) ORD GBP0.25                                                     9,327,200                6.03
LLOYDS TSB GROUP ORD GBP0.25                                              8,728,559                5.65
PEARSON ORD GBP0.25                                                       7,707,473                4.99
BRADFORD & BINGLEY ORD GBP0.25                                            6,971,250                4.51
REED ELSEVIER ORD GBP0.125                                                6,715,800                4.34
ROYAL DUTCH SHELL EUR0.07 'B' SHS                                         6,604,639                4.27







                                    - ENDS -



For further information please contact:

Tracey Lago, Senior Company Secretary

Close Finsbury Asset Management Limited

Telephone: [phone]


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