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Schroder Asian Growth Fund, Inc. Declares Dividend

NEW YORK, Nov. 26 /PRNewswire/ -- The Board of Directors of Schroder Asian Growth Fund, Inc. (NYSE: SHF) voted today to authorize and declare a dividend through which the Fund will distribute its ordinary income for the fiscal year ended October 31, 1996.

The dividend, expected to be $1,826,585 or $0.093 per Share, will be paid on December 19, 1996 to shareholders of record on December 6, 1996. The ex- dividend date is December 4, 1996. In the case of participants in the Fund's Dividend Reinvestment Plan, dividends will be reinvested in Shares pursuant to the Plan.

The Fund is a non-diversified, closed-end U.S. management investment company with current net assets of approximately $267 million. The Fund's investment objective is to seek long-term capital appreciation through investments primarily in equity securities of Asian companies.

The Fund is advised by Schroder Capital Management International Inc., a wholly owned subsidiary of Schroders p1c, the London Stock Exchange listed holding company of an investment banking and investment management group of companies.

SOURCE Schroder Asian Growth Fund, Inc.
 -0- 11/26/96

/CONTACT: Catherine A. Mazza of Schroder Capital Management International, Inc., 212-641-3889/


CO: Schroder Asian Growth Fund, Inc. ST: New York IN: FIN SU: DIV

GW-MS -- NYTU092 -- 6119 11/26/96 13:56 EST
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Publication:PR Newswire
Date:Nov 26, 1996
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