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Leggmason Iv I&G Tst (LIG)

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Monday 15 January, 2001

Leggmason Iv I&G Tst

Substantial Shareholding

Leggmason Inv Inc & Grwth Tst PLC
15 January 2001


LEGGMASON INVESTORS INCOME & GROWTH TRUST PLC

The Company today has been notified that Exeter Asset Management Limited have
sold 50,000 ordinary shares of 25p each on behalf of Exeter Equity Income
Fund.  As a result clients of Exeter Asset Management Limited now have an
aggregate interest in 7,000,000 ordinary shares of 25p each representing
8.97%, of the issued class of capital.

The clients of Exeter Asset Management Limited have the following interests:

Fund                                  Number of Shares   % of issued class of 
                                                           capital

Dartmoor Investment Trust plc         2,000,000               2.56%
Exeter Enhanced Income  Fund          1,500,000               1.92%
Exeter Equity Growth & Income Fund    2,000,000               2.56%
Exeter High Income Unit Trust         1,100,000               1.41%
Exeter Equity Income Fund             400,000                 0.51%