RNS Number:7543U
Royal London Growth & Inc Trust PLC
28 January 2004



ROYAL LONDON GROWTH & INCOME TRUST PLC



The Company confirms that at today's Annual General Meeting all resolutions

set out in the Notice of the Meeting were duly passed.



At the Annual General Meeting, the following information was provided:-



Structure of the Trust - asset split as at 31 December 2003

Investments #138.2 million of which:

64.2% - UK Equities

35.8% - UK Fixed Income



Structure of the Trust - capital split as at 31 December 2003
Shareholders' & Stockholders' funds (70.4%)                        Geared Ordinary shares (44.7%)
                                                                   Convertible Unsecured Loan Stock (55.3%)

Bank Loan (29.6%)                                                  Fixed rate bank debt (rate: 6.835%)



Equity Portfolio investments since September 2003
Xstrata*
PHS*
Weir
Travis Perkins*
IMI
Trinity Mirror*
Dairy Crest
Intercontinental Hotels*
Pilkington
Matalan
Johnson Press
British Airways
BAA*
Acambis
Crest Nicholson
Taylor Nelson Sofres
Granada
WPP
Galen
Bodycote
Aegis



*addition to existing holding



Exposure to significant sectors as at 31 December 2003
Sector                                  % of fund                               Active position against the market %
Oil & Gas                               12.9                                    1.09
Telecoms                                9.5                                     0.06
Mining                                  4.6                                     0.62
Media                                   4.5                                     0.37
Life Assurance                          3.3                                     0.69
Banks                                   19.7                                    (0.16)
Pharmaceuticals                         9.6                                     (0.42)
General Retailers                       3.0                                     (0.52)



Equity Portfolio - Ten largest holdings
Holding                                 % Portfolio                             % Index
BP                                      8.2                                     7.7
HSBC                                    7.9                                     7.4
Vodafone                                7.8                                     7.2
GlaxoSmithKline                         6.7                                     5.9
Royal Bank of Scotland                  5.1                                     3.7
Shell Transport & Trading               3.9                                     3.1
Diageo                                  2.4                                     1.8
Barclays Bank                           2.2                                     2.5
AstraZeneca                             2.2                                     3.5
BHP Biliton                             2.2                                     0.9
TOTAL                                   48.6                                    43.7



Bond Portfolio - Ten largest holdings as at 31 December 2003
Holding                                            % of bond portfolio
Scottish Life Finance 9%                           4.1
Abbey National 10.375%                             3.5
Midland Bank 8.625%                                2.9
Edinburgh Investment Trust 11.5%                   2.9
National Westminster 11.5%                         2.5
Northern Rock 8.399%                               2.5
JP Morgan Fleming Investment Trust 6.785%          2.4
Aggregate Industries 7.25%                         2.3
Royal Bank of Scotland 7.375%                      2.2
HBOS Capital Funding 6.461%                        2.2
TOTAL                                              27.5



Bond Portfolio Ratings as at 31 December 2003
AAA                                0%
AA                                 14%
A                                  29%
BBB                                20%
Sub-Investment grade               2%
Unrated                            35%



Bond Portfolio by sectors as at 31 December 2003
Sector                             %
Financials                         29
Insurance                          9
Investment Trusts                  12
Property                           17
Utility                            4
Telecoms                           1
Structured                         11
Consumer Non-Cyclical              6
Consumer Cyclicals                 4
Industrial                         7



Copies of all resolutions passed as Special Business at the Meeting will be

submitted to the UK Listing Authority ("UKLA") shortly and will be available

for inspection at the UKLA's Document Viewing Facility, which is situated at:



Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS



Tel: 020 7676 1000





28 JANUARY 2004







                                    - ENDS -








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