RNS Number:0779N
Blue Chip Value & Income Fund Ld
02 July 2003

The directors of Blue Chip Value and Income Fund Limited today announce that the
Net Asset Value per Ordinary Share as at 30 June 2003 based on mid market prices
was 10.51 pence and 119.06 for the Zero Dividend Preference Share.

Enquiries to: Collins Stewart Fund Management Limited

     TSB House

     Le Truchot

     St Peter Port

     Guernsey     GY1 4AE


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