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Johnson Fry Inc&Grth (LIG)

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Tuesday 11 April, 2000

Johnson Fry Inc&Grth

Result of Equity Issue

Johnson Fry Income & Growth Tst PLC
11 April 2000

JOHNSON FRY INCOME & GROWTH TRUST PLC

Result of Placing by Collins Stewart Limited



The Board of Johnson Fry Income & Growth Trust PLC announces that Collins
Stewart Limited have placed firm 68,920,000 Ordinary Shares with institutions.

Application has been made for these Ordinary Shares to be admitted to the
Official List and dealings are expected to commence on Wednesday, 12 April,
2000.

The 2000/2001 Offer for Subscription closes at noon on Thursday, 13 April,
2000.

Enquiries:

Andrew Whalley/Alan Kerr
Johnson Fry Asset Managers PLC       Tel: 020 7451 1100


Paul Richards
Collins Stewart Limited              Tel: 020 7522 9977