Portfolio Update

Finsbury Growth & Income Trust PLC
04 January 2006


                                                                  4 January 2006

                         FINSBURY GROWTH & INCOME TRUST PLC
                                   (the 'Company')

                         QUARTERLY STATEMENT OF INVESTMENTS

In compliance with the Listing Rules - Chapter 21 Investment Entities (I)(ii),
the Company discloses the following:

  • Investments valuing greater than 5% of the Company's gross assets comprise
    the following:


Company Name                                                        Value of Investment at      % of Total
                                                                       31 December 2005     Portfolio Assets

HBOS Ord GBP 0.25                                                         20,817,393              14.29
Diageo Ord GBP 0.289                                                      11,205,250               7.69
Cadbury Schweppes Ord GBP 0.125                                           10,165,750               6.98
Wolverhampton & Dudley Breweries GBP 29.5                                 9,926,003                6.81
Barr (AG) Ord GBP 0.25                                                    8,411,925                5.78
Lloyds TSB Group Ord GBP 0.25                                             7,742,725                5.32


  • The ten largest investments held by the Company comprise the following:


Company Name                                                        Value of Investment at      % of Total
                                                                   31 December 2005          Portfolio Assets

HBOS Ord GBP 0.25                                                         20,817,393              14.29
Diageo Ord GBP 0.289                                                      11,205,250               7.69
Cadbury Schweppes Ord GBP 0.125                                           10,165,750               6.98
Wolverhampton & Dudley Breweries GBP 29.5                                 9,926,003                6.81
Barr (AG) Ord GBP 0.25                                                    8,411,925                5.78
Lloyds TSB Group Ord GBP 0.25                                             7,742,725                5.32
Sage Group Ord GBP 0.01                                                   7,224,000                4.96
Royal Dutch Shell EUR 0.07 'B'  SHS                                       6,489,381                4.46
Reed Elsevier Ord GBP 0.125                                               6,306,300                4.33
Reuters Group Ord GBP 0.25                                                6,272,385                4.31



                                    - ENDS -

For further information please contact:
Tracey Lago, Company Secretary
Close Finsbury Asset Management Limited
Telephone: [phone]


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