Portfolio Update

SchroderJapan Growth Fund PLC
02 November 2006

FOR IMMEDIATE RELEASE
                                 02 November 2006



To : The London Stock Exchange




Schroder Japan Growth Fund plc


The Board of the Schroder Japan Growth Fund plc announces that the top ten
holdings as at 31st October 2006 are:-


Toyota Motor                                5.53%

Sumitomo Mitsui                             3.88%

East Japan Railway                          3.84%

Takeda Pharmaceutical                       3.75%

Bridgestone                                 3.22%

Mitsui                                      3.16%

Ricoh                                       3.14%

Omron                                       2.87%

Astellas Pharma                             2.66%

T&D                                         2.60%




By Order of the Board

Schroder Investment Management Limited

Secretaries




Enquiries :                            Tina Watts    020 7658 3581

Schroder Japan  Growth Fund plc


                      This information is provided by RNS
            The company news service from the London Stock Exchange