Holding in Company

City of Oxford Geared Inc Tst PLC
24 September 2001

                                 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

                BFS Investments 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


4) Name of the 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


6) Percentage of issued class


7) Number of shares/amount of stock disposed
                919,613

8) Percentage of issued class
                5.30

9) Class of security
                Geared ordinary 5p shares


10) Date of transaction
                Not disclosed


11) Date company informed
                24 September 2001


12) Total holding following this notification
                397,063 Geared Ordinary 5p shares


13) Total percentage holding of issued class following this notification
                No longer a disclosable interest


14) Any additional information
                Heather J Williams


15) Name of contact and telephone number for queries
                020 7597 1843


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

                Heather J Williams

17) Date of notification:

24 September 2001