RNS Number:0904S
Schroder Income Growth Fund PLC
14 November 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

K M Niven


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

Director only


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 PEP/ISA 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)

Director only


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 shares/amount of stock disposed

1194


10.

Percentage of issued class


0.0163%



11.

Class of security

Warrants


12.

Price per warrant

54p


13.

Date of transaction

11 November 2003


14.

Date company informed


14 November 2003


15.

Total holding following this notification

Nil warrants


16.

Total percentage holding of issued class following this notification

0%


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.

John Spedding Tel: 020 7658 3206


25.  

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

Date of notification 14 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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