RNS Number:7282R
Blue Chip Value & Income Fund Ld
05 November 2003

The directors of Blue Chip Value and Income Fund Limited today announce that the
Net Asset Value per Ordinary Share as at 31 October 2003 based on mid market
prices was 14.61 pence and 122.47 pence per Zero Dividend Preference Share.



The Net asset Value per Ordinary Share includes estimated loan breakage costs on
#5million equivalent to 0.18p per share.



Enquiries to: Collins Stewart Fund Management Limited

                  TSB House

                  Le Truchot

                  St Peter Port

                  Guernsey GY1 4AE


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