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LMI Income & Growth (LIG)

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Thursday 29 May, 2003

LMI Income & Growth

Repayment of debt

Leggmason Inv Inc & Grwth Tst PLC
29 May 2003

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



The Board, after discussions with the Banks, has concluded that a further
reduction in indebtedness is necessary in the aftermath of sustained and
substantial falls in equity markets. Accordingly, it is the intention to repay
approximately £900,000 of bank debt plus swap breakage charges on the loan of
approximately £97,706.06.





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



29 MAY 2003




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