Portfolio of Investments

City of Oxford Geared Inc Tst PLC
8 August 2000


The company announces the following unaudited data relating to its portfolio
of investments as at 4 August 2000:

TOTAL ASSETS                              £155,850,889
TOTAL BANK DEBT                           £ 47,550,000
NET ASSETS                                £108,300,889

NAV PER ZERO DIVIDEND PREFERENCE SHARE         115.31p
NAV (EX INCOME) PER INCOME SHARE               100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE       98.09p