RNS Number:8892Q
Royal London Growth & Inc Trust PLC
14 October 2003


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

Investment policy

The Board of the Company notes the publication of the Investment Entities
(Listing Rules and Conduct of Business) Instrument 2003 and announces that it is
the Company's policy to invest no more than 15% of its gross assets in other
Listed investment companies (including investment trusts). "Listed" refers to
companies admitted to the Official List of the UK Listing Authority.

This investment policy statement has not required the Company to dispose of any
existing shareholdings.


Contact for enquiries:

Victoria Muir

Royal London Asset Management Limited

Tel: 020 7506 6758


14 October 2003



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