RNS Number:1113M
US Growth & Income Fund Ld
09 June 2003


9 June 2003


US Growth & Income Fund Limited (the "Company")

The Company announces that it has repaid its outstanding debt of #418,000 plus
interest of #2,243.95 to the Bank of Scotland. There were no further costs in
canceling the debt. A further announcement concerning the future of the Company
will be made shortly.

Please be advised that the unaudited net asset value of the US Growth & Income
Fund Limited as at 31st May, 2003 was 0.27p



Enquiries

David Bruce                                          01202 305 900
BC Asset Management Limited



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