Month End Portfolio Info

F&C Pacific Inv Tst 
14 July 2004

F&C PACIFIC INVESTMENT TRUST PLC

ALL DATA AS AT 30th June 2004

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM
APPROXIMATELY 18th July 2004

GEOGRAPHICAL ASSET ALLOCATION                                                                %

JAPAN                                                                                     63.8

AUSTRALIA                                                                                 10.6

SOUTH KOREA                                                                               5.32

SINGAPORE                                                                                 4.26

HONG KONG                                                                                 3.19

TAIWAN                                                                                    3.19

CHINA                                                                                     3.19

THAILAND                                                                                  2.13

MALAYSIA                                                                                  2.13

INDONESIA                                                                                 1.06

INDIA                                                                                     1.06
                                                                                          ----
Total                                                                                      100
                                                                                          ====
TOP 10 HOLDINGS                                                                              %

Toyota Motor                                                                               5.5

Mizuho Financial                                                                           2.9

Mitsubishi Tokyo Financial                                                                 2.6

NTT Docomo                                                                                 2.2

Sumitomo Mitsui Financial                                                                  2.1

BHP Billiton                                                                               1.9

Mitsui Sumitomo Insurance                                                                  1.8

Asahi Glass                                                                                1.8

Samsung Electronics                                                                        1.7

Ajinomoto                                                                                  1.7
                                                                                          ----
Total                                                                                     24.2
                                                                                          ====
EFFECTIVE GEARING                                                                           7%





Gearing Policy Statement


The Board has included within the investment restrictions given to the Manager a range for
effective gearing of between -20% and +20%.

The level of effective gearing within this range is the responsibility of the Manager.  The Board
is responsible for the structure of the balance sheet.






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