Purchase of Own Securities

F&C PEP & ISA Investment Trust PLC
16 October 2002



                      F&C PEP AND ISA INVESTMENT TRUST PLC

                             PURCHASE OF OWN SHARES



1) Date of purchase:

15th October 2002

2) Number of Ordinary Shares purchased:

110,000

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

140p

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

Ordinary Shares - 49,550,891

5) Name and telephone number of contact for queries:

Miss S.A. Cox

Tel: [phone]

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

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

7) Date of notification

15th October 2002



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