Portfolio Update

SchroderJapan Growth Fund PLC
02 February 2005

FOR IMMEDIATE RELEASE
                                 02 February-05



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 Monday 31st January 2005 are:-

Takeda Pharmaceutical                 5.63%

East Japan Railway                    5.54%

Mitsui                                5.45%

Toyota Motor                          4.61%

Bridgestone                           4.14%

Ricoh                                 3.90%

Tachihi Enterprise                    3.21%

Omron                                 2.67%

Yamanouchi Pharmaceutical             2.30%

Glory                                 2.20%






By Order of the Board


Schroder Investment Management Limited


Secretaries





Enquiries :
                        Anthony Carney  020 7658 2548

Schroder Japan  Growth Fund plc


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