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Schroder Inc Growth (BC!)

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Wednesday 25 September, 2002

Schroder Inc Growth

Dividend Declaration

Schroder Income Growth Fund PLC
25 September 2002

Press Release
                                                               25 September 2002

                            FOURTH interim dividend
                       for the year ended 31 august 2002

The Directors of the Company have declared the payment of a fourth interim
dividend of 2.10p net per share for the year ended 31 August 2002.

The payment of the fourth interim dividend for the year brings the total for the
year to 5.85p, which represents an increase of 2.6% over total dividends of
5.70p for the year ended 31 August 2001.

                                         Year ended                 Year ended
                                     31 August 2002             31 August 2001

First interim dividend                        1.25p                      1.22p

Second interim dividend                       1.25p                      1.22p

Third interim dividend                        1.25p                      1.22p

Fourth interim dividend                       2.10p                      2.04p

                                              5.85p                      5.70p

     Ex-Dividend Date:                          9 October 2002
     Transfers must be lodged by:               3.30 p.m. on 11 October 2002
     Dividend Warrants:                         Despatched on 30 October 2002
     Payment Date:                              31 October 2002
     Dividend per share:                        2.10p net



John Spedding
Schroder Investment Management Limited                    Tel: 020 7658 3206

25 September 2002

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