Portfolio Update

F&C Pacific Inv Tst 
02 November 2004



AVS Security No:

The Stock Exchange

RNS

Old Broad Street

London

EC2N 1HP                                   2 November 2004

Dear Sir

Foreign & Colonial Pacific Investment Trust PLC

The top ten holdings and all holdings over 5% of gross assets as at 31 October
2004 were:


Stock                                                     % of gross assets

Toyota Motor                                                            3.5
Takeda Pharmaceuticals                                                  2.6
Mitsubishi Corporation                                                  2.2
Tokyo Gas                                                               2.1
East Japan Railway                                                      2.1
Samsung Electronics                                                     2.1
Mitsui & Company                                                        1.7
National Australia Bank                                                 1.6
BHP Billiton                                                            1.6
Australian New Horizons Fund                                            1.4


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