Portfolio Update

Blue Planet Financials Growth & Income Investment Trusts Nos.1-10 plc
Quarterly Portfolio Announcement as at 31 March 2006

                                                     % of
                                                    total
Stock                                  Origin      assets

Sberbank RF                            Russia        15.5
Cash                                                  6.6
Banco Bilbao Vizcaya Argentaria         Spain         5.9
Finansbank AS                          Turkey         5.7
Raiffeisen Intl Bank Holding          Austria         5.6
Societe Generale SA                    France         5.5
Banco Bradesco SA                      Brazil         5.0
BNP Paribas SA                         France         4.9
DNB NOR ASA                            Norway         4.9
Bank Millennium SA                     Poland         4.8