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LMI Income & Growth (LIG)

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Tuesday 28 October, 2003

LMI Income & Growth

Debt Repayment

Leggmason Inv Inc & Grwth Tst PLC
28 October 2003

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

The Board announces that a further debt reduction has been made of £1,800,000
including associated costs which amounted to £92,326.44. This repayment follows
the recent sale of certain investments.

The current bid value of the remaining assets owned by the Company as at 23
October 2003 was £6,970,909, compared with the outstanding bank debt of
£11,852,520.

The Board continues to engage in active discussions with the Bank of Scotland on
the Company's position and will update shareholders when any further news is
available.



For further information:

Please contact Zoe Burton

of Legg Mason Investments (Europe) Limited

Tel: 020 7070 7474

Email: z.burton@leggmason.co.uk


28 OCTOBER 2003


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