Director Shareholding

Finsbury Growth & Income Trust PLC
11 November 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


Finsbury Growth & Income Trust PLC



2. Name of director


John Allard



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest


As in 2 above



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)


Not stated





5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)


-



6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary


-



7. Number of shares / amount of stock acquired


48



8. Percentage of issued class


Insignificant



9. Number of shares/amount of stock disposed


-



10. Percentage of issued class


-



11. Class of security


Ordinary shares of 25p each



12. Price per share


200.95p



13. Date of transaction


27 September 2004



14. Date company informed


11 November 2004



15. Total holding following this notification


8,581



16. Total percentage holding of issued class following this notification


0.02%



If a director has been granted options by the company please complete the
following boxes.



17. Date of grant


-



18. Period during which or date on which exercisable


-



19. Total amount paid (if any) for grant of the option


-



20. Description of shares or debentures involved: class, number


-



21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


-



22. Total number of shares or debentures over which options held following this
notification


-



23. Any additional information


-



24. Name of contact and telephone number for queries


Tracey Lago - 020 7426 6219



25. Name and signature of authorised company official responsible for making
this notification


Tracey Lago

For and on behalf of Close Finsbury Asset Management Limited



Date of Notification


11 November 2004



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for loss of business or loss of profits) arising in contract, tort or otherwise
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