AGM Statement

Finsbury Growth & Income Trust PLC
20 January 2005

                                                                    NEWS RELEASE

                                                                 20 JANUARY 2005





                          Finsbury Growth & Income Trust PLC

                               Results of the AGM



The Company is pleased to announce that at the Annual General Meeting held on 19
January 2005 all resolutions put to the meeting were duly passed.


Resolutions



 1. To receive and consider the audited accounts and the Report of the Directors
    for the year ended 30 September 2004.



 2. To re-elect Michael Reeve, who retires by rotation, a Director of the
    Company.



 3. To re-elect Giles Warman, who retires by rotation, a Director of the Company.



 4. To declare a final dividend of 4.10p per share.



 5. To re-appoint RSM Robson Rhodes LLP as auditors and to authorise the
    Directors to determine their remuneration.



 6. To approve the Directors' Remuneration Report.



 7. To authorise the Directors to allot securities in the Company.



 8. To disapply the rights of pre-emption in relation to the allotment of
    securities contained in section 89 of the Companies Act 1985.



 9. To authorise the Company to make market purchases of ordinary shares in the
    Company







                                    - ENDS-







For further information please contact:


Nick Train           Lindsell Train Limited                     020 7225 6411
Tracey Lago          Close Finsbury Asset Management Limited    020 7426 6219
Fiona Harris         Quill Communications                       020 7763 6977
Michael Reeve        Chairman                               via 020 7426 6219






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