RNS Number:5245Q
Blue Chip Value & Income Fund Ld
03 October 2003

Blue Chip Value and Income Fund Limited (the "Company")

As a result of the scrip dividend issue on 3 October 2003, a director received
the following Ordinary Shares of 12.5p each and declares his interest in the
issued share capital of the Company as follows:-

                                           Scrip shares         Total holding
                                           Received

Shane Le Prevost                           3,776                74,210



Date Company informed 3 October 2003


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

RDSMJBATMMMMBRJ