Holding in Company

City of Oxford Geared Inc Tst PLC
4 October 2000


Schedule 10 - Notification of Major Interests in Shares

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

2   Name of shareholder having a major interest:
Exeter Asset Management 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 under management of Exeter Asset Management Limited

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


5   Number of shares/amount of stock acquired:
150,000

6   Percentage of issued class:
0.304%

7   Number of shares/amount of stock disposed:
NIL

8   Percentage of issued class:
NIL

9   Class of security:
5p Income Shares

10  Date of transaction:
3 October 2000

11  Date company informed:
4 October 2000

12  Total holding following this notification:
13,800,000

13  Total percentage holding of issued class following this notification:
28.009%

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:
4 October 2000


Additional Information:
Notification is in respect of the purchase of 150,000 Income shares by Exeter
High Income Unit Trust.  Income shares under the management of Exeter Asset
Management Limited are held in the following funds:-

Dartmoor Investment Trust                        6,050,000
Exeter Enhanced Income Fund                      4,000,000
Exeter Preferred Capital Investment Trust        1,250,000
Exeter High Income Unit Trust                    2,500,000
                                                ----------
                                                13,800,000
                                                ==========