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Schroder Inc Growth (BC!)

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Wednesday 31 March, 2004

Schroder Inc Growth

Holding(s) in Company

Schroder Income Growth Fund PLC
31 March 2004

                                                                   31 March 2004

                        SCHRODER INCOME GROWTH FUND PLC

We are writing to advise you that the Company was notified, pursuant to S198 of
the Companies Act 1985, on 30 March 2004 that JP Morgan Securities Ltd, on
behalf of JPMF Investment Trust Fund, has decreased its material interest in the
Company from 4.42% to 3.99%, representing 3,050,000 shares, which was due to the
Company's issued share capital changing.


Neil Olofsson
Schroder Investment Management Limited
Tel: 020 7658 3496

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