Portfolio Update

Blue Planet Financials Growth & Income Investment Trusts Nos 1-10 plc
Quarterly Portfolio Announcement as at 31 December 2005

                                                   % of
                                                  total
Stock                                Origin      assets

Sberbank RF                          Russia        18.9
BNP Paribas SA                       France        10.2
OTP Bank RT                         Hungary         6.9
Finansbank AS                        Turkey         6.8
Societe Generale                     France         6.1
ABN Amro Holdings NV            Netherlands         5.5
Bank Przemyslowo-Handlowy            Poland         5.5
Bank Austria Creditanstalt          Austria         5.5
PKO Bank Polski SA                   Poland         5.4
Cash                                                4.6