LAST CHANCE TO SAVE ON PEP AND ISA TRANSFERS WITH F&C

LAST CHANCE TO SAVE ON PEP AND ISA TRANSFERS WITH F&C Investors have until 30 September 2002 to take advantage of F&C's offer to transfer their PEP or ISA into one or more of its range of ten leading investment trusts, without paying the £25 transfer fee. F&C will also waive the initial charge of £50. In addition, investors consolidating their PEPs and ISAs with F&C will benefit from a flat-rate annual administration charge of just £60, which will cover all of their F&C investment trust PEP and ISA holdings. Georgette Harrison, Director and Head of Private Investor Marketing at F&C, comments: "Investors can sometimes overlook their existing investments and just hope for the best, so we hope this offer will prompt them to reassess their portfolio to check that their money is working to their best advantage. It's also a good opportunity for investors with larger amounts invested, where percentage-based fees are likely to result in high management charges, to make the most of our flat-rate administration charge. With F&C, investors can diversify their holdings across our range of ten investment trusts." F&C has a track record of offering consistent performance. For example, £10,000 invested in Foreign & Colonial Investment Trust through an F&C PEP or ISA would have grown to £26,638 over the past ten years, compared to just £20,625 in the average investment trust.* For more information on transferring your PEP or ISA to F&C, please call the brochure request line, free of charge, on 0800 136420. For further information, please contact: Irene Bell / Georgette Harrison Emma Chilvers / Lisa Stanley F&C Management Lansons Communications Tel: 0207 628 8000 Tel: 020 7294 3606 / 3692 Email: ibell@fandc.co.uk Email: lisas@lansons.com Gharrison@fandc.co.uk emmac@lansons.com Notes to Editors: *All figures sourced Standard and Poor's. Value of investment over 5 years £10,771 Foreign & Colonial Investment Trust, £8,843 average investment trust. Investment Trust Basis: mid-market prices, net income reinvested, assuming 3.5% notional expenses. Additional product charges apply. The prices of investment trusts and the income from them can go down as well as up and, on sale, investors may not get back the full amount invested. Past performance is not necessarily a guide to the future. Investment trusts offered are: · Foreign & Colonial Investment Trust · Foreign & Colonial Emerging Markets Investment Trust · Foreign & Colonial Eurotrust · Foreign & Colonial U.S. Smaller Companies · F&C PEP and ISA Investment Trust · F&C Smaller Companies · F&C Pacific Investment Trust · F&C Latin American Investment Trust · F&C Income Growth Investment Trust · Graphite Enterprise Trust Normal F&C Investment Trust PEP/ ISA charges: · Transfer in charge £25 plus VAT (waived for the special offer) · Initial charge £50 plus VAT (waived during the special offer) · Administration charge £60 plus VAT per annum · Dealing commission 0.2% ie 10p to invest £50, rates on purchase 50p to invest £250 · Stamp duty 0.5% Contribution levels: Minimum investment £1000 Minimum monthly contribution (ISA) £100 per trust ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/02/20020902BIT00610/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/02/20020902BIT00610/wkr0002.pdf