RNS Number:3967O
Blue Chip Value & Income Fund Ld
06 August 2003

The directors of Blue Chip Value and Income Fund Limited today announce that the
Net Asset Value per Ordinary Share as at 31 July 2003 based on mid market prices
was 13.24 pence and 119.91 pence per Zero Dividend Preference Share.



The Net asset Value per Ordinary Share includes estimated loan breakage costs on
#5million equivalent to 0.39p per share.



Enquiries to: Collins Stewart Fund Management Limited

                  TSB House

                  Le Truchot

                  St Peter Port

                  Guernsey    GY1 4AE


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