Lawrence Income & Growth Fund



    TORONTO, Dec. 19 /CNW/ - Lawrence Asset Management Inc., the manager of
Lawrence Income & Growth Fund (formerly, Lawrence Payout Ratio Trust) (the
"Fund") today re-filed the Fund's interim financial statements for the six
months ended June 30, 2007 and the interim management report of fund
performance for the six months ended June 30, 2007. The interim management
report of fund performance has been amended to restate the simple return for
the six month period from January 1, 2007 to June 30, 2007 as equal to 8.7%
from the previously disclosed annualized return of 18.8%.





For further information:

For further information: Investor Relations, Catherine Stretch, (416)
362-6283, info@lawvest.com, www.lawrenceasset.com

Organization Profile

LAWRENCE INCOME AND GROWTH FUND

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