Holding in Company

City of Oxford Geared Inc Tst PLC
16 November 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:
GARTMORE INVESTMENT MANAGEMENT PLC

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 Gartmore Investment Limited, Gartmore Fund
Managers Limited and Fenplace Two Limited

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

5   Number of shares/amount of stock acquired:
925,000

6   Percentage of issued class:
5.331

7   Number of shares/amount of stock disposed:
Nil

8   Percentage of issued class:
Nil

9   Class of security:
5p Geared Ordinary Shares

10  Date of transaction:
14 November 2000

11  Date company informed:
15 November 2000

12  Total holding following this notification:
2,765,000

13  Total percentage holding of issued class following this notification:
15.937

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:
16 November 2000


Additional Information:
Notification is in respect of 925,000 Geared Ordinary shares acquired by
Gartmore Absolute Growth & Income fund.

Geared Ordinary shares under the management of Gartmore Investment Limited and
associated companies are held as follows:

Fund name                 Holding     %      Registered Name

Gartmore Shared Equity
Trust PLC                1,250,000   7.205   BNY GIL CLT A/C NOMS LTD A/C SEQT

Gartmore Absolute
Growth & Income Trust      925,000   5.331   Bank of New York Nominees Limited

Gartmore Split Capital
Opportunities Trust        590,000   3.401   BNY GIL CLT A/C NOMS LTD A/C GSCO
                         ---------  ------
                         2,765,000  15.937
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