Interim Management Statement

Aberdeen Income & Growth VCT PLC
17 January 2008



Aberdeen Income and Growth VCT PLC ('the Company')


Interim Management Statement - Quarter ended 30 November 2007

This Interim Management Statement, for the quarter ended 30 November 2007, is
provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of
the UK Listing Authority and also includes relevant information in respect of
the period from 1 December 2007 to the date of issue. This Statement has been
prepared solely to provide additional information in order to meet the relevant
requirements of the UK Listing Authority's Disclosure and Transparency Rules,
and should not be relied on by Shareholders, or any other party, for any other
purpose.


1.      Financial highlights

        •   Net Asset Value* ('NAV') of 77.5p per share at 30 November 2007
            compared to 77.4p per share at 31 August 2007.

        •   Interim dividend dividends totalling 3.5p per share paid on 
            7 December 2007.

*The NAV is unaudited and reflects the closing bid price of quoted securities at
 30 November 2007. Unlisted companies are valued on a six-monthly basis and the
 NAV incorporates the Directors' valuation of unlisted investments as at 31 
 August 2007.
 

2.      Investments and Disposals

During the quarter ended 30 November 2007, investments totalling £1,950,000 were
made in 9 unlisted or AIM/PLUS quoted companies.

During the same period, a combination of partial and complete disposals of 5 AIM
quoted investments generated aggregate proceeds of £64,000 against cost of
£45,000.

There were no other material transactions during the period under review.


3.      Recent developments

Between 30 November 2007 and the date of this statement, investments totalling
£629,000 were made in 2 unlisted companies and 1 AIM quoted company.

During the same post quarter-end period, disposals of listed fixed income
securities generated aggregate proceeds of £1,394,000 against cost of £1,384,000
and disposals of 3 unlisted investments and 1 AIM quoted investment generated
aggregate proceeds of £2,294,000 against cost of £2,028,000. Included in these
disposals was the sale of the unlisted investment in TLC (Tender Loving
Childcare), which generated proceeds of £1,620,000 against a cost of £1,516,000.

Other than described above, Board is not aware of any material events during the
period from 1 September 2007 to 30 November 2007, or in the period from 1
December 2007 to the date of this announcement, which would have had a material
impact on the financial position of the Company.


Issued on behalf of the Board
Murray Johnstone Limited, Secretary
17 January 2008


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