Portfolio Update

F&C Pacific Inv Tst 
03 August 2004

F&C Pacific Investment Trust PLC

Top ten holdings and all holdings over 5% of gross assets as at 31 July 2004:

Stock                                      % of gross assets

Toyota Motor                                       5.4
Mizuho Financial                                   2.4
Mitsubishi Tokyo Financial                         2.2
NTT Docomo                                         2.1
BHP Billiton                                       2.0
Mitsui Sumitomo Insurance                          1.8
Leopalace21                                        1.7
Sumitomo Mitsui Financial                          1.7
Mitsubishi Corporation                             1.6
National Australia Bank                            1.6


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