Transaction in Own Shares

F&C Capital & Income Inv Tst PLC
14 May 2004

                  F&C CAPITAL AND INCOME INVESTMENT TRUST PLC

                           TRANSACTION IN OWN SHARES


F&C Capital and Income Investment Trust PLC (the "Company") today announces that
it has made the following purchase of its own shares:

Date of Purchase:                                                13 May 2004
Number of ordinary shares purchased:                             75,000
Highest and lowest price paid per share (excluding expenses):    164.0pp


The Company intends to hold the purchased shares in treasury.

Following the purchase of these shares, the Company holds 75,000 of its ordinary
shares in treasury and had 48,128,041 ordinary shares in issue.


Name and telephone number of contact for queries:

Mr D. Fallon
Tel: [phone]

Name of authorised Company official responsible for this notification:

Mr D Fallon
For and on behalf of F&C Management Limited, Secretary

Date of notification

14 May 2004


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