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LMI Income & Growth (LIG)

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Wednesday 26 November, 2003

LMI Income & Growth

Debt Repayment

Leggmason Inv Inc & Grwth Tst PLC
26 November 2003

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


The Board announces that a further debt reduction has been made of £2,502,157.69
including associated costs which amounted to £147,842.31. This repayment follows 
the recent sale of certain investments. The current bid value of the remaining 
assets owned by the Company as at 25 November 2003 was £4,359,849, compared with 
the outstanding bank debt of £9,485,781.14.

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


26 NOVEMBER 2003


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