RNS Number:5468Q
Blue Chip Value & Income Fund Ld
06 October 2003

The directors of Blue Chip Value and Income Fund Limited today announce that the
Net Asset Value per Ordinary Share as at 30 September 2003 based on mid market
prices was 11.96 pence and 121.60 pence per Zero Dividend Preference Share.



The Net asset Value per Ordinary Share includes estimated loan breakage costs on
#5million equivalent to 0.32p per share.



Enquiries to: Collins Stewart Fund Management Limited

                  TSB House

                  Le Truchot

                  St Peter Port

                        Guernsey GY1 4AE




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