Quarterly disclosure

Value & Income Trust plc
4 July 2005


In accordance with UKLA Listing Rule 21.20 (1)(ii) and on behalf of the
investment trusts under its management, Aberdeen Asset Managers Limited
announces the following list representing the Company's 10 largest investments
and where appropriate, any investment with a value greater than 5% of the
Company's gross assets as at 30 June 2005:

VALUE AND INCOME TRUST PLC
Top 10 Portfolio Assets
NAME                                                  Market Value   % Ttl Gross
                                                                          Assets
KELDA GROUP ORD GBP15.55555                              6,985,000         5.07%
SHELL TRANSPORT & TRADING ORD GBP0.25 (REGD)             6,784,375         4.92%
SCOTTISH & SOUTHERN ENERGY ORD GBP0.50                   6,078,000         4.41%
AWG PLC ORD GBP0.1990049                                 5,772,000         4.19%
VT GROUP PLC ORD GBP0.05                                 5,436,200         3.94%
LEGAL & GENERAL GROUP ORD GBP0.025                       5,175,000         3.75%
171/173 CUMNOR HILL OXFORD                               5,000,000         3.63%
UNITS 1-7 BURLINGTON CENTRE ST ANNES ROAD WEST           3,800,000         2.76%
CHANNEL ST GALASHIELS                                    3,700,000         2.68%
REACH ROAD DOVER                                         3,500,000         2.54%



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