RNS Number:1658K
US Growth & Income Fund Ld
17 April 2003

US Growth & Income Fund Limited



The Company announces that today it has repaid #1,000,000 of its loan facility
to the Bank of Scotland together with interest accrued to date of #11,241.45.
There were no further costs incurred in reducing the debt. The Company now has
outstanding bank debt of #500,000.





Enquiries



David Bruce

BC Asset Management

01202 305 900




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