Directors Shareholding(s)

City of Oxford Geared Inc Tst PLC
13 March 2001


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
CITY OF OXFORD GEARED INCOME TRUST PLC

2   Name of director:
FRED CARR

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
HOLDING IN THE NAME OF THE ABOVE

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):


5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):


6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
PURCHASE AND SALE OF ORDINARY SHARES

7   Number of shares/amount of stock acquired:
11,500

8   Percentage of issued class:
0.032%

9   Number of shares/amount of stock disposed:
11,743

10  Percentage of issued class:
0.032%

11  Class of security:
ZERO DIVIDEND PREFERENCE SHARES OF 5P

12  Price per share:
ACQUIRED: 129.25P, SOLD: 129p

13  Date of transaction:
9 MARCH 2001

14  Date company informed:
13 MARCH 2001

15  Total holding following this notification:
33,500

16  Total percentage holding of issued class following this notification:
0.092%

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:


18  Period during which or date on which exercisable:


19  Total amount paid (if any) for grant of the option:


20  Description of shares or debentures involved: class, number:


21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:


22  Total number of shares or debentures over which options held following
this notification:


23  Contact name for queries:
MARTIN SLADE

24  Contact telephone number:
020 7597 1942

25  Name of company official responsible for making notification:
MARTIN SLADE





Additional Information:
Transaction is in respect of sale of 11,743 ZDP shares by Mr Carr and purchase
of 11,500 ZDP shares by Mrs Carr.  The net effect is a reduction in Mr Carr's
beneficial holding of ZDP shares of 243 shares.