SELIGMAN INCOME AND GROWTH FUND TO PAY INCOME DIVIDEND DISTRIBUTIONS

NEW YORK, March 20, 2003 - Directors of Seligman Income and Growth Fund, Inc. today declared income dividends of $0.050 per share to Class A shareholders, and $0.030 per share to Class B, C, and D shareholders. The dividends will be payable March 26, 2003, to shareholders of record on March 20, 2003. All shares will be offered "ex- dividend" on March 21, 2003.

For More Information Contact:
                
Rebecca Shroyer
J. & W. Seligman & Co. Incorporated
(212) 850-1239
shroyerr@jwseligman.com

NEW YORK, March 20, 2003 - Directors of Seligman Income and Growth Fund, Inc. today declared income dividends of $0.050 per share to Class A shareholders, and $0.030 per share to Class B, C, and D shareholders. The dividends will be payable March 26, 2003, to shareholders of record on March 20, 2003. All shares will be offered "ex-
dividend" on March 21, 2003.

J. & W. Seligman & Co. Incorporated, a New York-based investment manager and advisor, was founded in 1864. As well as providing management and advisory services to institutional clients, the firm provides a broad array of investments to individuals including the US-based Seligman Group of Funds with more than 50 portfolios, a range of retirement services, and Seligman CollegeHorizonFunds, an option offered within North Carolinas National College Savings Program. Additionally, it manages Tri-Continental Corporation, the largest publicly traded, diversified closed-end investment company in the United States, and two closed-end municipal bond funds, which are traded on the New York Stock Exchange. Seligman also manages a range of offshore investments available exclusively for non-US investors. J. & W. Seligman & Co. Incorporated has an additional office in Palo Alto and its affiliates have marketing offices in Hong Kong and Buenos Aires.