FRNI Framlington Inc

RNS Number:8740P
Framlington Income&Capital Tst PLC
11 January 2002

The following Net Asset Values (NAVs) for Framlington Income & Capital Trust
PLC are released by Framlington Investment Management Limited as 10 January
2002.

    Share                                                   NAV per share pence

    Capital NAV (AITC basis)                                             175.80

    Income NAV                                                            31.56

Total Gross Assets (inc. bank loan)                                 #88,807,004

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