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Schroder Inc Growth (BC!)

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Monday 15 December, 2003

Schroder Inc Growth

Director Shareholding

Schroder Income Growth Fund PLC
15 December 2003

          NOTIFICATION OF INTEREST OF DIRECTORS AND CONNECTED PERSONS

All relevant boxes should be completed in block capital letters.


1.Name of company

Schroder Income Growth Fund plc

2.Name of director

J M HIGNETT

3. Please state whether notification indicates that it is in respect of holding 
of the director named in 2 above or holding of that person's spouse or children
under the age of 18 or in respect of a non-beneficial interest

NOTIFICATION INCLUDES DIRECTORS' WIFE, MRS M HIGNETT

4. Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified)


SCHRODER NOMINEES LIMITED AS A REGISTERED HOLDER OF SHARES IN THE SCHRODER
PERSONAL EQUITY PLAN

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

NOTIFICATION INCLUDES DIRECTOR'S WIFE -

MRS M HIGNETT


6. Please state the nature of the transaction. For PEP transactions please 
indicate whether general/single co PEP and if discretionary/non discretionary

Market sale

7. Number of shares/amount of stock acquired

-

8. Percentage of issued class

-

9. Number of warrants/amount of stock disposed

4,776

10. Percentage of issued class

0.0696

11. Class of security

WARRANTS

12. Price per share

52p

13. Date of transaction

19 and 20 November 2003

14. Date company informed

12 December 2003

15. Total holding following this notification

Nil

16. Total percentage holding of issued class following this notification

Nil

If a director has been granted options by the company please complete the
following boxes.


17. Date of grant



18. Period during which or date on which exercisable

19. Total amount paid (if any) for grant of the option



20. Description of shares or debentures involved: class, number

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise



22. Total number of shares or debentures over which options held following this
notification

23. Any additional information





24. Name of contact and telephone number for queries.

Neil Olofsson - 020 7658 3496

25. Name and signature of authorised company official responsible for making this
notification

Date of notification 15 December 2003 Neil Olofsson

     For SCHRODER INVESTMENT MANAGEMENT LIMITED

     (SECRETARIES)


                      This information is provided by RNS
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