Holding in Company

City of Oxford Geared Inc Tst PLC
7 August 2000


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
City of Oxford Geared Income Trust PLC

2   Name of shareholder having a major interest:
Aberdeen Asset Managers Limited

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
In respect of funds managed by shareholder in (2) above

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

5   Number of shares/amount of stock acquired:
Nil

6   Percentage of issued class:
Nil

7   Number of shares/amount of stock disposed:
450,000

8   Percentage of issued class:
0.913

9   Class of security:
Income Shares

10  Date of transaction:
4 August 2000

11  Date company informed:
7 August 2000

12  Total holding following this notification:
7,950,000

13  Total percentage holding of issued class following this notification:
16.136%

14  Contact name for queries:
Christopher Wise

15 Contact telephone number:
020 7597 1843

16  Name of company official responsible for making notification:
Christopher Wise

17  Date of notification:
7 August 2000




Additional Information:

Income Shares under management of Aberdeen Asset Management Limited are held
as follows:


Fund Name            Holding        %        Registered Name
                    
Aberdeen Preferred  3,200,000     6.495%     State Street Nominees Ltd
Income Trust PLC                             Account XCC8

Danae Investment      200,000     0.406%     State Street Nominees Ltd
Trust PLC                                    Account XCD5

Jove Investment       250,000     0.507%     State Street Nominees Ltd
Trust PLC                                    Account XCD6

Leveraged Income    2,900,000     5.886%     HSBC Bank International
Fund Limited                                 10980901 

Aberdeen High       1,400,000     2.842%     State Street Nominees Ltd 
Income Trust PLC                             Account XCC4
                    ---------     ------- 
                    7,950,000     16.136%
                    =========     =======