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Schroder Inc Growth (BC!)

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Tuesday 18 July, 2000

Schroder Inc Growth

Purchase of Own Securities

Schroder Income Growth Fund PLC
18 July 2000


                       PURCHASE OF SHARES FOR CANCELLATION

Schroder Income Growth Fund plc announces that on 18 July 2000, the Company
purchased 50,000 ordinary shares for cancellation, at a price of 134.25 pence
per share. Following the purchase, there are a further 70,421,971 ordinary
shares in issue.

Enquiries:

Christine Higgens
Schroder Investment Management Limited            Tel: 020 7658 3496