Top 10 Investments

INVESCO Income Growth Trust plc announces that, as at 31 December 2003, its top
ten investments were as follows:

Company                          Issue       % of gross 
                                               assets*  
                                                                   
HSBC Holdings                  Ord USD0.50    5.93%                
                                                                   
BP                             Ord USD        5.12%                
                               0.25                                
                                                                   
Imperial Tobacco               Ord 10p        4.76%                
                                                                   
Vodafone                       Ord USD0.10    4.73%                
                                                                   
GlaxoSmithKline                Ord 25p        4.49%                
                                                                   
Shell Transport & Trading      Ord 25p        3.97%                
                                                                   
Royal Bank of Scotland         Ord 25p        3.60%                
                                                                   
HBOS                           Ord 25p        3.05%                
                                                                   
Lloyds TSB                     Ord 25P        2.85%                
                                                                   
Tesco                          Ord 5p         2.71%                

* Subject to successful settlement of trades outstanding on the relevant date.

This announcement is made in accordance with Paragraph 21.20(l)(ii) of the
Listing Rules.

INVESCO Asset Management Limited

5 January 2004



END