Portfolio Update

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

                                                   % of
                                                  total
Stock                               Origin       assets

OTP Bank RT                        Hungary         10.7
Sberbank RF                         Russia         10.1
PKO Bank Polski SA                  Poland          8.6
BNP Paribas SA                      France          7.5
ABN Amro Holdings NV           Netherlands          6.5
Bank Austria Creditanstalt         Austria          6.4
Societe Generale                    France          6.4
Finansbank AS                       Turkey          5.3
Bank Przemyslowo-Handlowy           Poland          5.1
Bank Pekao SA                       Poland          4.0