Portfolio Update

Finsbury Growth & Income Trust PLC
04 October 2005



                                                                  4 October 2005





                         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
                                                                                            Portfolio  Assets
                                                                      30 September 2005
HBOS Ord                                                                  19,243,305              14.54
Diageo Ord                                                                10,676,500               8.07
Cadbury Schweppes Ord                                                     10,381,800               7.85
Wolverhampton & Dudley Breweries                                          9,209,655                6.96
Barr (AG) Ord                                                             8,611,050                6.51
Lloyds TSB Group Ord                                                      7,285,200                5.51
Royal Dutch Shell                                                         6,838,648                5.17





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


Company Name                                                        Value of Investment at      % of Total
                                                                                             Portfolio Assets
                                                                   30 September2005

HBOS Ord                                                                  19,243,305              14.54
Diageo Ord                                                                10,676,500               8.07
Cadbury Schweppes Ord                                                     10,381,800               7.85
Wolverhampton & Dudley Breweries                                          9,209,655                6.96
Barr (AG) Ord                                                             8,611,050                6.51
Lloyds TSB Group Ord                                                      7,285,200                5.51
Royal Dutch Shell                                                         6,838,648                5.17
Sage Group Ord                                                            6,281,125                4.75
Reed Elsevier Ord                                                         5,848,175                4.42
Reuters Group Ord                                                         5,407,913                4.09







                                    - 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