Portfolio Update

Blue Planet Financials Growth & Income Investment Trusts Nos 1-10 plc
Quarterly Portfolio Announcement as at 30 September 2005

                                                   % of
                                                  total
Stock                               Origin       assets

Sberbank RF                         Russia         17.3
OTP Bank RT                        Hungary         10.3
BNP Paribas SA                      France         10.0
PKO Bank Polski SA                  Poland          8.6
Societe Generale                    France          6.0
Bank Austria Creditanstalt         Austria          5.7
Finansbank AS                       Turkey          5.3
ABN Amro Holdings NV           Netherlands          5.3
Bank Przemyslowo-Handlowy           Poland          5.0
Bank Pekao SA                       Poland          4.3