RNS Number:1681N
Blue Chip Value & Income Fund Ld
04 July 2003

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

As a result of the scrip dividend issue on 4 July 2003, the directors received
the following Ordinary Shares of 12.5p each and declare their interests in the
issued share capital of the Company as follows:-

                                     Scrip shares       Total holding
                                     Received

Shane Le Prevost                     3,649              70,434

Date Company informed 4 July 2003


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