RNS Number:8695T
Royal London Growth & Inc Trust PLC
05 January 2004

ROYAL LONDON GROWTH & INCOME TRUST PLC (the "Company")



TEN LARGEST INVESTMENTS



In accordance with Listing Rule 21.20(l)(ii), the Company announces that at 31
December 2003, the ten largest investments in its portfolio were as follows:


Company                                                                          Percentage of gross
                                                                                              assets
BP ORD USD0.25                                                                                  5.23
HSBC Holdings ORD USD0.50 (UK REGD)                                                             5.04
Vodafone Group ORD USD0.10 (UK REGD)                                                            4.99
GlaxoSmithKline ORD GBP0.25                                                                     4.26
Royal Bank of Scotland Group ORD GBP0.25                                                        3.30
Shell Transport & Trading ORD GBP0.25 (REGD)                                                    2.47
Diageo ORD GBP0.28935185                                                                        1.56
Scottish Life Finance 9% Call/Step Perpetual 28/11                                              1.48
Barclays PLC ORD GBP0.25                                                                        1.44
AstraZeneca ORD USD0.25 (GBP Quoted)                                                            1.41





BNP Paribas Secretarial Services Limited

Secretary



5 JANUARY 2004






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