Portfolio Update

Schroder UK Growth Fund PLC
02 November 2004

FOR IMMEDIATE RELEASE
                                 02 November-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 29th October 2004 are:-

Vodafone 8.22%

HSBC     7.36%

BP 6.09%

Schroder Institutional UK Sm Co Fund 5.57%

GlaxoSmithKline 5.50%

Royal Bank of Scotland 4.91%

Shell Transport & Trading 3.09%

BG Group 3.06%

Tesco 2.98%

HBOS 2.94%




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