Energy Income and Growth Fund Completes $34 Million Offering of Series A Energy Notes.

LISLE, Ill. -- First Trust Advisors L.P. announced that the Energy Income and Growth Fund (AMEX:FEN) has successfully completed its offering of series A energy notes, raising $34,000,000.

The 28-day cycle auction rate notes issued by the fund are rated 'Aaa' and 'AAA' by Moody's Investors Service, Inc. and Fitch Ratings, respectively.

The Energy and Income Growth Fund is a non-diversified, closed-end management investment company whose shares began trading on the American Stock Exchange on June 25, 2004. The investment objective of the Fund is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund focuses on investing in publicly traded master limited partnerships and related public entities in the energy sector which the Fund's sub-adviser believes offer opportunities for income and growth.

First Trust Advisors L.P. serves as the Fund's investment adviser and currently manages or supervises approximately $16.2 billion in assets.

Fiduciary Asset Management, LLC serves as the Fund's sub-adviser and manages a wide range of institutional equity, covered call, and fixed income products, including a pioneering role in the management of MLP assets. Fiduciary Asset Management currently has approximately $15 billion in client assets under management including approximately $815 million of MLP and energy infrastructure investment assets under management.

Past performance is no assurance of future results. Investment return and principal value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

Principal Risk Factors: This closed-end fund invests in a portfolio consisting primarily of securities issued by MLPs. Investment in the Fund involves risks of fluctuations in energy prices, decreases in the supply of or demand for energy commodities, increased government regulation, national disasters and various other risks. The use of leverage for investment purposes increases both investment opportunity and investment risk.

The Fund's daily American Stock Exchange closing price and daily net asset value per share as well as other information are available at www.ftportfolios.com or by calling 1-800-988-5891.