Month End Portfolio Info

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


F&C PEP AND ISA INVESTMENT TRUST PLC

ALL DATA AS AT 31st December 2002

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.co.uk FROM
APPROXIMATELY 18th January 2003

SECTOR ALLOCATION                                                                        %

Financials                                                                           26.33

Non-Cyclical Consumer Goods                                                          19.57

Cyclical Services                                                                    15.18

Resources                                                                            13.15

Non-Cyclical Services                                                                 8.85

Utilities                                                                             7.34

Basic Industrials                                                                     5.78

General Industrials                                                                   1.71

Information Technology                                                                1.24

Cyclical Consumer Goods                                                               0.87
                                                                                      ----
Total                                                                                  100
                                                                                      ====

TOP 10 HOLDINGS                                                                          %

BP PLC                                                                                6.43

GlaxoSmithKline                                                                       6.28

Vodafone Group                                                                        4.23

HSBC                                                                                  3.76

Shell Transport & Trading                                                             3.69

Scottish & Southern Energy                                                            2.79

Royal Bank Of Scotland Group                                                          2.75

Barclays PLC                                                                          2.71

HBOS PLC                                                                              2.51

Astrazeneca                                                                           2.28

                                                                                      ----
Total                                                                                37.43
                                                                                      ====

EFFECTIVE GEARING                                                                       0%


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