LONDON (Dow Jones)--Foreign & Colonial Investment Trust PLC (FRCL.LN), announced Friday it purchased for cancellation 55,000 ordinary shares of 25 pence each at a price of 269.1988 pence per share. MAIN FACTS: -Shares at 1604 GMT down 1.30 pence, or 0.48%, at 269.20 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires July 16, 2010 12:05 ET (16:05 GMT)