RNS Number:9644L
Blue Chip Value & Income Fund Ld
05 June 2003

The directors of Blue Chip Value and Income Fund Limited today announce that the
Net Asset Value per Ordinary Share as at 31 May 2003 based on mid market prices
was 10.04 pence and 118.24 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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