Quarterly Portfolio Announcement

Blue Planet Financials Growth & Income Investment Trusts plc
Quarterly Portfolio Announcement as at 31 December 2003




                                                               % of total
Stock                                           Origin          portfolio

Societe Generale Eur 1.25                       France               6.4%
Alliance & Leicester 50p Shares                 UK                   5.8%
HBOS Plc Ordinary 25p Shares                    UK                   5.5%
ABN-Amro Holdinds NV Eur0.56                    Netherlands          5.2%
First Active 11.75% Subordinated Bonds          Ireland              5.3%
Lloyds TSB Group plc ord. GBP0.25               UK                   4.7%
Amvescap Ord. GBP0.25                           UK                   4.6%
BNP Paribas                                     France               4.5%
Abbey National Ordinary 10p Shares              UK                   4.3%
BUPA Finance 10 1/2% Subordinated Guaranteed    UK                   4.0%
Bonds 2018