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LMI Income & Growth (LIG)

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Friday 21 March, 2003

LMI Income & Growth

Repayment of debt

Leggmason Inv Inc & Grwth Tst PLC
21 March 2003

LEGGMASON INVESTORS INCOME & GROWTH TRUST PLC (the 'Company')



The Board has further examined the capital structure of the Company, and after
discussions with the Bank of Scotland, has concluded that an additional
reduction in the indebtedness is necessary. This step is in the aftermath of
sustained and substantial falls in equity markets. Accordingly, it is the
intention to repay approximately £592,000 of bank debt plus additional swap
breakage charges on the loan of approximately £58,000.





For further information:

Please contact Zoe Burton

of Legg Mason Investments (Europe) Limited

Tel: 020 7070 7474

Email: z.burton@leggmason.co.uk



Nitya Bolam Tel: 020 7404 5959

e-mail: nbolam@BrunswickGroup.com



21 MARCH 2003




                      This information is provided by RNS
            The company news service from the London Stock Exchange