RNS Number:3604R
Leggmason Inv Inc & Grwth Tst PLC
28 October 2003

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

The Board announces that a further debt reduction has been made of #1,800,000
including associated costs which amounted to #92,326.44. This repayment follows
the recent sale of certain investments.

The current bid value of the remaining assets owned by the Company as at 23
October 2003 was #6,970,909, compared with the outstanding bank debt of
#11,852,520.

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


28 OCTOBER 2003


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

MSCFEWFWWSDSESS