Portfolio Update

Value & Income Trust plc
04 April 2006




              VALUE AND INCOME TRUST PLC - 10 LARGEST INVESTMENTS


The group announces that the ten largest investments (equities and properties)
as at close of business on 31 March 2006 were as follows:


NAME                                                          Total Gross Assets

                                                                               %
VT GROUP PLC                                                                4.46
ROYAL DUTCH SHELL                                                           4.38
LEGAL & GENERAL GROUP                                                       4.10
171/173 CUMNOR HILL OXFORD                                                  3.69
UNITS 1-7 BURLINGTON CENTRE ST ANNES ROAD WEST                              2.76
BOC GROUP                                                                   2.73
ROTORK                                                                      2.67
CHANNEL ST GALASHIELS                                                       2.37
LLOYDS TSB GROUP                                                            2.53
REACH ROAD DOVER                                                            2.50

TOTAL                                                                      32.36



END


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