Portfolio of Investments

City of Oxford Geared Inc Tst PLC
31 October 2000


The company announces the following un audited data relating to its portfolio
of investments as at 27 October 2000:

TOTAL ASSETS                              £154,135,155
TOTAL BANK DEBT                           £ 47,550,000
NET ASSETS                                £106,585,155

NAV PER ZERO DIVIDEND PREFERENCE SHARE         117.50p
NAV (EX INCOME) PER INCOME SHARE               100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE       83.62p