Portfolio Update

4 October 2007

                      FINSBURY GROWTH & INCOME TRUST PLC                       

                                (the "Company")                                

                      QUARTERLY STATEMENT OF INVESTMENTS                       

In compliance with the Listing Rules - Chapter 21 Investment Entities (I)(ii),
the Company discloses the following:

  * Investments valuing greater than 5% of the Company's gross assets comprise
    the following:
   
Company Name                                Value of Investment    % of Total  
                                                     at            Portfolio   
                                                                     Assets    
                                             30 September 2007                 
                                                                               
HBOS                                        19,440,969           10.3          
                                                                               
DIAGEO                                      15,573,537           8.2           
                                                                               
CADBURY SCHWEPPES                           12,656,858           6.7           
                                                                               
UNILEVER                                    10,726,163           5.7           
                                                                               
BARR (A.G.)                                 10,706,700           5.7           
                                                                               
MARSTON'S                                   10,608,535           5.6           

  * The ten largest investments held by the Company comprise the following:
   
Company Name                           Value of Investment  % of Total  
                                               at            Portfolio  
                                                              Assets    
                                        30 September 2007               
                                                                        
HBOS                                   19,440,969          10.3         
                                                                        
DIAGEO                                 15,573,537          8.2          
                                                                        
CADBURY SCHWEPPES                      12,656,858          6.7          
                                                                        
UNILEVER                               10,726,163          5.7          
                                                                        
BARR (AG)                              10,706,700          5.7          
                                                                        
MARSTON'S                              10,608,535          5.6          
                                                                        
REUTERS                                9,783,245           5.2          
                                                                        
LLOYDS TSB GROUP                       8,997,200           4.8          
                                                                        
PEARSON                                8,365,229           4.4          
                                                                        
LONDON STOCK EXCHANGE                  7,941,966           4.2          

For further information please contact:

Mark Pope, Company Secretary

Frostrow Capital LLP

Telephone: [phone]