RNS Number:5992Q
US Growth & Income Fund Ld
28 January 2002


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
US Growth & Income Fund Ltd

2   Name of shareholder having a major interest:
Aberdeen Preferred Income Trust Plc


3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
As above

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
State Street Nominees Ltd a/c XCC8

5   Number of shares/amount of stock acquired:
1,000,000

6   Percentage of issued class:
1.67%

7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
Ordinary 25p shares each

10  Date of transaction:
24/01/02

11  Date company informed:
25/01/02

12  Total holding following this notification:
4,000,000

13  Total percentage holding of issued class following this notification:
6.67%

14  Contact name for queries:
Graham Taylor

15 Contact telephone number:
01481 710607

16  Name of company official responsible for making notification:
Graham Taylor

17  Date of notification:
28/01/02

Additional Information:


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


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