Supplementary Prospectus

FINSBURY GROWTH & INCOME TRUST PLC

SUPPLEMENTARY PROSPECTUS

31 OCTOBER 2006

Finsbury Growth & Income Trust plc (the "Company") has today published a
supplementary prospectus in relation to the recent transfer of business from
the Company's Manager, Close Finsbury Asset Management Limited, to Close
Investments Limited.

For further information, please contact:

Tracey Lago
Close Investments Limited
Tel. [phone]

A copy of the above document will be submitted shortly to the UK Listing
Authority and will be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel. [phone]