Portfolio Update

Midas Income & Growth Trust PLC
04 May 2006



                             MIDAS INCOME & GROWTH TRUST PLC

                             10 LARGEST INVESTMENTS



The company announces that the ten largest investments as at close of business
on 30 April 2006 were as follows:




Assets With Values Over 5% of Gross Assets


NAME                                                                            Market Value      % Ttl Gross
                                                                                                       Assets
BARCLAYS BANK (CONSOLIDATED)                                                       2,895,120             5.21

Top 10 Portfolio Assets

NAME                                                                            Market Value      % Ttl Gross
                                                                                                       Assets
BARCLAYS BANK (CONSOLIDATED)                                                       2,895,120             5.21
M&G EUROPEAN LOAN FUND                                                             2,092,889             3.77
PROTEGO UK PROPERTY                                                                1,584,912             2.85
CF RUFFER INV FUNDS BAKER STEEL GOLD FUND ACC                                      1,580,560             2.85
HBOS (CONSOLIDATED)                                                                1,554,825             2.80
THAMES RIVER TRADITIONAL HIGH INCOME FUND                                          1,522,500             2.74
WOOLWICH GLOBAL DISTRIBUTION BOND SERIES 2 (INC)                                   1,488,480             2.68
EUROPEAN ASSET TRUST NV EUR0.46 (REGD)                                             1,343,250             2.42
ZENITH INV EUROPEAN INCOME INST B                                                  1,230,000             2.21
MERRILL LYNCH COMMODITIES                                                          1,195,000             2.15



END


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