Portfolio Update

F&C Capital & Income Inv Tst PLC
02 April 2004



AVS Security No:



The Stock Exchange

RNS

Old Broad Street

London

EC2N 1HP                                   2 April 2004

Dear Sir

F&C Capital & Income Investment Trust PLC

The top ten holdings and all holdings over 5% of gross assets as at 31 March
2004 were:



Stock                                                     % of gross assets

BP                                                                      6.2
Glaxosmithkline                                                         5.5
Vodafone Group                                                          4.7
HSBC Holdings                                                           4.5
Barclays                                                                3.8
Royal Bank of Scotland                                                  3.6
Lloyds TSB                                                              2.9
Scottish & Southern Energy                                              2.5
Shell Transport & Trading                                               2.4
Abbey National                                                          2.4


                      This information is provided by RNS
            The company news service from the London Stock Exchange