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Schroder Inc Growth (BC!)

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Wednesday 15 November, 2000

Schroder Inc Growth

Purchase of Own Securities

Schroder Income Growth Fund PLC
15 November 2000


                     PURCHASE OF WARRANTS FOR CANCELLATION

Schroder Income Growth Fund Plc announces that on 14 November 2000 the Company
purchased 200,000 warrants for cancellation at a price of 45.00 pence per
warrant.  Following the purchase, there are a further 11,287,529 warrants in
issue which can be exercised at the subscription price of 100p per share on
31 December (or if not a business day the next business day) in any of the years
2000 to 2003 both inclusive.

Enquiries: 

Christine Higgens
Schroder Investment Management Limited               Tel: 020 7658 3496