Portfolio Update

Schroder UK Growth Fund PLC
03 February 2004



FOR IMMEDIATE RELEASE                                        03-Feb-04

To : The London Stock Exchange

Schroder UK Growth Fund plc


The Board of the Schroder UK Growth Fund plc announces that the top ten holdings
as at Friday 30th January 2004 are:-

Vodafone 8.28%

HSBC     7.24%

BP 6.68%

GlaxoSmithKline 5.78%

Schroder Institutional UK Sm Co Fund 5.50%

Royal Bank of Scotland 5.06%

AstraZeneca 3.87%

HBOS 3.09%

Lloyds TSB 2.39%

Prudential 2.39%



By Order of the Board

Schroder Investment Management Limited

Secretaries



Enquiries :                              Charmaine Obeysekera 020 7658 6750

Schroder UK Growth Fund plc


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