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Schroder Inc Growth (BC!)

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Tuesday 11 June, 2002

Schroder Inc Growth

Dividend Declaration

Schroder Income Growth Fund PLC
11 June 2002


Press Release                                                       11 June 2002



                             THIRD INTERIM DIVIDEND

                       FOR THE YEAR ENDING 31 AUGUST 2002

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



Ex-Dividend Date:                           26 June 2002
Transfers must be lodged by:                12.00 p.m. on 28 June 2002
Dividend Warrants:                          Despatched on 29 July 2002
Payment Date:                               31 July 2002
Dividend per share:                         1.25p net



________________________________________________________________________

Enquiries:

Christine Daniels

Schroder Investment Management Limited                    Tel: 020 7658 6186

11 June 2002



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