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Schroder Inc Growth (BC!)

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Monday 17 December, 2001

Schroder Inc Growth

Dividend Declaration

Schroder Income Growth Fund PLC
17 December 2001


Press Release


                                                              17 December 2001

                            First Interim Dividend

                      For The Year Ending 31 August 2002


The Directors of the Company have declared the payment of a first interim
dividend of 1.25p net per share for the year ending 31 August 2002. This
represents an increase of 2.5% over the first interim dividend for the
previous financial year.



Ex-Dividend Date:               27 December 2001
Record Date:                    31 December 2001
Dividend Warrants:              Despatched on 29 January 2002
Payment Date:                   31 January 2002
Dividend per share:             1.25p net



Enquiries:      Schroder Investment Management Limited

Christine Daniels     (0207 658 6186)

17 December 2001