Directorate Change

F&C PEP & ISA Investment Trust PLC
29 January 2003


Company Announcements Office

The London Stock Exchange

Old Broad Street

London

EC2N 1HP



29 January 2003



Dear Sirs,

                  F&C Capital and Income Investment Trust PLC

                           Resignation of a Director

This is to inform you that following the Annual General Meeting of F&C Capital
and Income Investment Trust PLC (previously F&C PEP and ISA Investment Trust
PLC) held on 28 January 2003, Mr Oliver Dawson retired as a director of the
Company.

Yours faithfully,



Mrs R.T. Hostler

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






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

BOAPUUAAGUPWGMB