RNS Number:8475N
Royal London Growth & Inc Trust PLC
22 July 2003



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



As at close of business on 18 July 2003, the Net Asset Value per class of share
of the Company was:



Undiluted NAV per Geared Ordinary Share = 35. 32 pence

NAV per #1 of 9% Convertible Unsecured Loan Stock 2020 = 99.75 pence

NAV per Geared Unit = 170.39 pence



22 JULY 2003







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