RNS Number:4407U
Royal London Growth & Inc Trust PLC
20 January 2004

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

As at close of business on 16 January 2004, the Net Asset Value per class of
share of the Company

as follows:



 Undiluted NAV per Geared Ordinary Share = 41.79 pence

NAV per #1 of 9% Convertible Unsecured Loan Stock 2020 = 99.80 pence

NAV per Geared Unit = 183.38 pence





20 JANUARY 2004












                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

NAVBSGDBIUDGGSG