Holding in Company

City of Oxford Geared Inc Tst PLC
19 June 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

THE 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



4)   Name of the 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.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

934,102

8)   (5.38%) of issued Class

9)   Class of security

ORDINARY 5P SHARES

10)  Date of transaction

15 JUNE 2001

11)  Date company informed

19 JUNE 2001

12)  Total holding following this notification

2,912,591
               
              
13)  Total percentage holding of issued class following this notification

16.79

14)  Any additional information



15)  Name of contact and telephone number for queries

HEATHER WILLIAMS
020 7597 1843

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .........19 JUNE 2001...............

Additional Information

  FUND NAME                CURRENT HOLDING    CURRENT %    REGISTERED NAME    
  ABERDEEN PREFERRED              2,620,241       15.10%   State Street       
  INCOME TRUST PLC                                         Nominees Ltd for   
                                                           XCC4               
  DANAE INVESTMENT TRUST             82,498        0.48%   State Street       
  PLC                                                      Nominees Ltd for   
                                                           XCD5               
  JOVE INVESTMENT TRUST             201,052        1.16%   State Street       
  PLC                                                      Nominees Ltd for   
                                                           XCD6               
  DISCRETIONARY PRIVATE               8,800        0.05%   n/a                
  CLIENTS (GLASGOW)                                                           
                                  2,912,591       16.79%