Blocklisting six monthly return

SCHEDULE 5

                         BLOCKLISTING SIX MONTHLY RETURN



1. Name of company
     Value and Income Trust plc


2. Name of scheme
     VIT Savings Scheme


3. Period of return:     From  3/2/04 to 3/8/04



4. Number and class of shares(s)
   (amount of stock/debt security)
   not issued under scheme at the end of last period:  913,593



5. Number of shares issued/allotted
   under scheme during period
     nil


6. Balance under scheme not yet issued/allotted
   at end of period
     913,593


7. Number and class of share(s)
   (amount of stock/debt securities)
   originally listed and the date of admission
     800,000 ordinary shares of 10p each on 3/11/93
     800,000 ordinary shares of 10p each on 26/5/95
     750,000 ordinary shares of 10p each on 19/7/96


Please confirm total number of shares in issue at the end of the period
in order for us to update our records
     45,549,975


Contact for queries:

Address:
Donaldson House
97 Haymarket Terrace
Edinburgh EH12 5HD

Name: Edinburgh Fund Managers plc as Company Secretary

Telephone: [phone]