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Energy Income and Growth Fund Increases Quarterly Distribution
First Trust Advisors, LP

Lisle, IL, September 20, 2005 – Energy Income and Growth Fund (the “Fund”) (AMEX: FEN) has declared its regularly scheduled quarterly distribution of $0.335 per share. This is a $0.005 per share (1.5%) increase from the previous quarter’s distribution of $0.33 per share.

Based on the Fund’s net asset value of $23.90 and the American Stock Exchange closing market price of $23.54 on September 19, the Fund’s regular distribution equates to an annualized distribution rate of 5.61% at NAV and 5.69% at market price.

The distribution will be payable on October 31, 2005 to shareholders of record on October 19, 2005 with an expected ex-dividend date of October 17, 2005.

We anticipate a majority of the distribution will constitute a return of capital. The final determination of the source and tax status of all distributions paid in 2005 will be made after the end of 2005.

The 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 $20 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 manages and supervises $16.4 billion in client assets.

View more information on First Trust Advisors, LP or other Closed-End Funds.