RNS Number:9859R
Schroder Income Growth Fund PLC
12 November 2003

       NOTIFICATION OF INTEREST OF DIRECTORS AND CONNECTED PERSONS 


All relevant boxes should be completed in block capital letters. 

                                                                              
  1.    Name of company                 2.    Name of director                

        Schroder Income Growth Fund           K M Niven                       
        plc                                                                   

  3.    Please state whether            4.    Name of registered holder(s)    
        notification indicates that           and, if more than one holder,   
        it is in respect of holding           the number of shares held by    
        of the director named in 2            each of them (if notified)      
        above or holding of that                                              
        person's spouse or children                                           
        under the age of 18 or in                                             
        respect of a non-beneficial                                           
        interest                                                              

        Director and Spouse                   Schroder Nominees Limited as a  
                                              registered holder of shares     
                                              in the Schroder PEP/ISA plan.   


  5.    Please state whether            6.    Please state the nature of the  
        notification relates to a             transaction. For PEP            
        person(s) connected with the          transactions please indicate    
        director named in 2 above and         whether general/single co PEP   
        identify the connected                and if discretionary/non        
        person(s)                             discretionary                   

        Notification includes                 Tax Credit Reinvestment         
        Director's Wife - Mrs L A Niven                                                                 
 

                                                                              
  7.   Number of      8.    Percentage   9.    Number of      10.   Percentage
       shares/amount        of issued          shares/amount        of issued 
       of stock             class              of stock             class     
       acquired                                disposed                       
 
      54                   0.0000008%         -                    -   
      

  11.  Class of       12.   Price per    13.   Date of        14.   Date      
       security             share              transaction          company   
                                                                    informed  

       Ordinary             155.0p             31 October           10        
       Shares                                  2003                 November  
                                                                    2003      
 

                                                                              
  15.    Total holding following this    16.    Total percentage holding of   
         notification                           issued class following this   
                                                notification                  

         69,516 ordinary shares                 0.00097%                      

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)      20.    Description of shares or      
         for grant of the option                debentures involved: class,   
                                                number                        
                                                                              


  21.    Exercise price (if fixed at     22.    Total number of shares or     
         time of grant) or indication           debentures over which options 
         that price is to be fixed at           held following this           
         time of exercise                       notification                  
                                                                              

  23.    Any additional information      24.    Name of contact and telephone 
                                                number for queries.
        Director not yet informed                         
                                                John Spedding Tel: 020 7658 3206                          
 

                                                                              
  25.    Name and signature of authorised company official responsible for    
         making this notification 
                                            
         Date of notification 12 November 2003   
                             
                                      John Spedding                    
                                      For SCHRODER INVESTMENT MANAGEMENT LIMITED               
                                      Secretaries                      
 



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            The company news service from the London Stock Exchange

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