Purchase of Own Securities

F&C PEP & ISA Investment Trust PLC
20 November 2002




                      F&C PEP AND ISA INVESTMENT TRUST PLC

                             PURCHASE OF OWN SHARES


1) Date of purchase:

19 November 2002

2) Number of Ordinary Shares purchased:

40,000

3) Highest and lowest price paid per share (excluding expenses):

146p

4) The issued share capital of the Company following this buy-back will be:

Ordinary Shares - 49,410,891

5) Name and telephone number of contact for queries:

Mrs R T Hostler

Tel: [phone]

6) Name of authorised Company official responsible for this notification:

Ms S A Cox
For and on behalf of F&C Management Limited, Secretary

7) Date of notification

19 November 2002


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