Portfolio Update

Midas Income & Growth Trust PLC
02 November 2006

                        MIDAS INCOME & GROWTH TRUST PLC

                             10 LARGEST INVESTMENTS


The company announces that the ten largest investments as at close of business
on 31 October 2006 were as follows:


Assets With Values Over 5% of Gross Assets

NAME                                                                            Market Value      % Ttl Gross
                                                                                                       Assets

Top 10 Portfolio Assets

NAME                                                                            Market Value      % Ttl Gross
                                                                                                       Assets
BARCLAYS BANK (CONSOLIDATED)                                                       2,897,587             5.00
SPECIALIST INVESTMENT M&G LEVERAGED                                                2,086,951             3.60
PROTEGO UK PROPERTY                                                                1,681,402             2.90
HBOS (CONSOLIDATED)                                                                1,586,625             2.74
THAMES RIVER TRADITIONAL HIGH INCOME FUND                                          1,500,000             2.59
BARCLAYS GLOBAL INCOME PLAN                                                        1,456,000             2.51
EUROPEAN ASSET TRUST                                                               1,354,500             2.34
CF RUFFER INV FUNDS BAKER STEEL GOLD FUND ACC                                      1,267,520             2.19
REAL ESTATE OPPORTUNITIES (CONSOLIDATED)                                           1,237,000             2.13
ZENITH INV (CONSOLIDATED)                                                          1,223,500             2.11



END


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