The following Net Asset Values (NAVs) for Framlington Income & Capital Trust
PLC are released by AXA Framlington Investment Management Limited as at 20
February 2006.

Capital NAV (at Mid valuation - Prior charges at Par)                   255.56p
                                                                               
Income NAV (at Mid valuation - Prior charges at Par)                     31.31p

Total Fund Value (inc. revenue)                                    �108,797,598



END



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