Interim Management Statement

Dunedin Income Growth Inv Tst PLC
20 November 2007



Dunedin Income Growth Investment Trust PLC

Interim Management Statement - 3 months to 31 October 2007



To the members of Dunedin Income Growth Investment Trust PLC

This interim management statement has been produced solely to provide additional
information to shareholders as a body to meet the relevant requirements of the
UK Listing Authority's Disclosure and Transparency Rules. It should not be
relied upon by any other party or for any other purpose.



This interim management statement relates to the period from 1 August 2007 to 31
October 2007, and contains information that covers this period, and up to the
date of publication of this interim management statement, unless otherwise
specified.



Investment objective

To achieve growth of income and capital from a portfolio invested predominantly
in companies listed or quoted in the United Kingdom.



Benchmark

FTSE All-Share Index.



Material events

There were no material events during the period under review.



Material transactions

During the 3 month period to end October 2007 the Company purchased 252,000
ordinary shares of 25p each which are being held in treasury.  Since 31 October
2007 until 19 November 2007 the Company has purchased 195,000 ordinary shares of
25p each which are being held in treasury.  As at 19 November 2007 the Company's
issued ordinary share capital is 152,067,194 (excluding treasury shares) and
155,677,935 (including treasury shares) ordinary shares of 25p each.  The number
of ordinary shares of 25p held in treasury is 3,610,741.



The borrowings at the period end were £50.6m represented by £22m of the variable
rate loan facility and £28.6m of the 7 7/8% debenture stock 2019, when valued at
par. The market value of the debenture was £34.4m.







Twenty largest equity holdings at 31 October 2007

                                           %
Royal Dutch Shell 'B'                    5.0
BP                                       4.2
HSBC                                     3.8
Vodafone                                 3.8
BT                                       3.5
Royal Bank of Scotland                   3.2
Barclays                                 3.0
GlaxoSmithKline                          2.9
British American Tobacco                 2.8
Centrica                                 2.6
Anglo American                           2.5
Lloyds TSB                               2.4
Rio Tinto                                2.2
AMEC                                     2.2
National Grid                            2.0
Aviva                                    2.0
Resolution                               2.0
AstraZeneca                              2.0
Friends Provident                        2.0
Legal & General                          1.9
                                   _________
Total                                   56.0
                                   _________





Sector allocation as at 31 October 2007


                                           %
Financials                              26.2
Consumer Goods                          14.6
Oil & Gas                               12.8
Consumer Services                       12.6
Industrials                             11.4
Telecommunications                       7.2
Utilities                                5.7
Health Care                              4.8
Basic Materials                          4.7
                                   _________
Total                                  100.0
                                   _________





General description of Company's financial position and performance as at 31
October 2007


                                                                   £m
Gross Assets                                                    497.1
Short term borrowings                                            22.0
7.875% Debenture 2019                                            28.6

Actual gearing                                                  11.3%




Cumulative Performance %*

                         as at     1 month    3 months    6 months      1 year     3 years     5 years
                    31/10/2007
Share Price              265.0         0.6         2.6        -1.3         9.1        70.7        94.0
NAV                      293.2         3.6         2.6        -0.8        10.9        54.4        95.1
FTSE All-Share                         4.3         6.0         4.6        13.6        65.6       110.0




Discrete Performance %*

 Year ending       31/10/2007    31/10/2006    31/10/2005    31/10/2004       31/10/2003
Share Price               9.1          32.3          18.3           6.9              6.3
NAV                      10.9          26.2          10.3          13.3             11.5
FTSE All-Share           13.6          21.7          19.8          11.6             13.6




*Total Return; Net Income Reinvested, GBP
NAV returns based on NAV with debt valued at par
Source: Aberdeen Asset Managers Limited, Factset, Financial Times and Fundamental Data
The £40m 11.5% 2016 debenture stock was redeemed in August 2005, at a premium over par value of
£22.8m


The Board is not aware of any significant events or transactions which have
occurred between 31 October 2007 and the date of publication of this interim
management statement which would have a material impact on the financial
position of the Company. For latest performance information, please refer to the
Company's website, www.dunedinincomegrowth.co.uk.



Please note that past performance is not necessarily a guide to the future and
that the value of investments and the income from them may fall as well as rise.
  Investors may not get back the amount they originally invested.



For Dunedin Income Growth Investment Trust PLC
Aberdeen Asset Management PLC, Secretary
20 November 2007

END


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