First Trust Energy and Income Fund Announces
Quarterly Distribution for January
First Trust Advisors, LP

Lisle, IL, January 9, 2008 -- Energy Income and Growth Fund (the “Fund”) (FEN) has declared its regularly scheduled quarterly distribution, payable on January 31, 2008 to shareholders of record on January 22, 2008. The ex-dividend date is expected to be January 17, 2008. The quarterly distribution information for the Fund appears below:

Energy Income and Growth Fund (FEN):

Distribution per share:	$0.385
Distribution Rate based on the January 4, 2008 NAV of $26.18:	5.88%
Distribution Rate based on the January 4, 2008 closing market price of $24.60:	6.26%

The final determination of the source and tax status of all distributions paid in 2008 will be made after the end of 2008.

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 manages or supervises approximately $33 billion in assets as of December 31, 2007.

Energy Income Partners, LLC (“EIP”) serves as the Fund’s investment sub-adviser and provides advisory services to a number of investment companies and partnerships for the purpose of investing in master limited partnerships and other energy infrastructure securities. EIP is one of the early investment advisers specializing in this area. As of October 1, 2007, EIP manages or supervises approximately $725 million in client assets.


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