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Schroder Inc Growth (BC!)

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Wednesday 15 December, 1999

Schroder Inc Growth

Purchase of Own Securities

Schroder Income Growth Fund PLC
15 December 1999

Schroder Income Growth Fund plc announces that on 15 December 1999, the Company
purchased 3,181,000 ordinary shares for cancellation, at a price of 131.50 pence
per share.  Following the purchase, there are a further 76,970,159 ordinary
shares in issue.

Enquiries:
Christine Higgens
Schroder Investment Management Limited     0171 658 3496