Portfolio Update

Value & Income Trust plc
03 January 2008



              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 December 2007 were as follows:


Assets With Values Over 5% of Gross Assets              Market Value   % Ttl Gross Assets

VT GROUP PLC ORD GBP0.05                                  9,653,000         5.94


Top 10 Portfolio Assets                                 Market Value   % Ttl Gross Assets

VT GROUP PLC ORD GBP0.05                                  9,653,000         5.94
ROYAL DUTCH SHELL EUR0.07 'B' SHS(UK LIST)                7,174,468         4.42
171/173 CUMNOR HILL OXFORD                                6,300,000         3.88
BP ORD USD0.25                                            6,113,100         3.76
SCOTTISH & NEWCASTLE ORD GBP0.20                          5,932,000         3.65
ROTORK ORD GBP0.05                                        5,802,000         3.57
NATIONAL GRID ORD GBP0.11395                              5,369,292         3.31
REACH ROAD DOVER                                          4,700,000         2.89
UNITS 1-7 BURLINGTON CENTRE ST ANNES ROAD WEST            4,550,000         2.80
VODAFONE GROUP USD0.11428571                              4,253,670         2.62




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