RNS Number:8706N
Leggmason Inv Inc & Grwth Tst PLC
23 July 2003


LEGGMASON INVESTORS INCOME & GROWTH TRUST PLC (the "Company")


The Board announces that a further debt reduction has been made of #1,683,000.
Additional associated costs amounted to a further #159,220. This repayment
follows the recent sale of certain investments.

The current bid value of the remaining assets owned by the Company as at 18th
July 2003, was #7,483,259 compared with the outstanding bank debt of
#14,912,275.

Since the last published figures in the Interim Report and Accounts for
the six months ended 31 October 2002, the following debt repayments- and the
associated costs incurred - have been made:


Date                        Debt repayment #             Repayment costs #                 Balance outstanding

31 October 2002                                                                            #21,187,275
21 November 2002            #2,400,000                   #210,567                          #18,787,275
14 February 2003            #700,000                     #75,931                           #18,087,275
21 March 2003               #592,000                     #58,754                           #17,495,275
29 May 2003                 #900,000                     #97,706                           #16,595,275
18 July 2003                #1,683,000                   #159,220                          #14,912,275



The Board continues to engage in active discussions with the Bank of Scotland on
the Company's position and will update shareholders when any further news is
available.





For further information:

Please contact Zoe Burton

of Legg Mason Investments (Europe) Limited

Tel: 020 7070 7474

Email: z.burton@leggmason.co.uk



23 JULY 2003


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