RNS Number:3435L
Royal London Growth & Inc Trust PLC
20 May 2003



 ROYAL LONDON GROWTH & INCOME TRUST PLC (the "Company")

As at close of business on 16 May 2003, the Net Asset Value per share of the
Company was

Undiluted NAV per Geared Ordinary Share = 35.22 pence

NAV per #1 of 9% Convertible Unsecured Loan Stock 2020 = 99.73 pence

NAV per Geared Unit = 170.17 pence



20 MAY 2003







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