Portfolio Update

Midas Income & Growth Trust PLC
02 August 2006

                        MIDAS INCOME & GROWTH TRUST PLC



                             10 LARGEST INVESTMENTS





The company announces that the ten largest investments as at close of business
on 31 July 2006 were as follows:








Assets With Values Over 5% of Gross Assets
NAME                                                                         Market Value    % Ttl Gross Assets


Top 10 Portfolio Assets
NAME                                                                         Market Value    % Ttl Gross Assets
BARCLAYS BANK (CONSOLIDATED)                                                    2,304,735                  4.23
M&G LEVERAGED EUROPEAN LOAN FUND                                                2,057,217                  3.78
PROTEGO UK PROPERTY                                                             1,631,609                  3.00
HBOS (CONSOLIDATED)                                                             1,481,575                  2.72
THAMES RIVER TRADITIONAL HIGH INCOME FUND                                       1,480,500                  2.72
BARCLAYS GLOBAL INCOME PLAN                                                     1,411,760                  2.59
CF RUFFER INV FUNDS BAKER STEEL GOLD FUND ACC                                   1,291,360                  2.37
EUROPEAN ASSET TRUST NV EUR0.46 (REGD)                                          1,226,625                  2.25
ZENITH INV EUROPEAN INCOME (CONSOLIDATED)                                       1,160,000                  2.13
OLD MUTUAL CORPORATE BOND INC                                                   1,159,500                  2.13



END


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