Transaction in Own Shares

F&C Capital & Income Inv Tst PLC
21 December 2004





F&C CAPITAL AND INCOME INVESTMENT TRUST PLC

TRANSACTION IN OWN SHARES

The Company announces that 1,148,289 ordinary shares of 25p each were sold by
the Company on 21 December 2004 from the shares held in treasury at a price of
195.50p per share. The sale price represents a premium of 1.31% to the net asset
value per share (cum income) as at 20 December 2004.

The Company has also issued 373,211 ordinary shares at 195.50p per share, which
together with the sale of treasury shares, will help satisfy demand arising from
its re-admittance to the FTSE All-Share Index.

Following this, the Company holds 80,000 of its ordinary shares in treasury.
Excluding treasury shares, there are 48,496,252 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

21 December 2004








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