Portfolio of Investments

City of Oxford Geared Inc Tst PLC
17 October 2000


The company announces the following un audited data relating to its portfolio
of investments as at 13 October 2000:

TOTAL ASSETS                              £152,000,305
TOTAL BANK DEBT                           £ 47,550,000
NET ASSETS                                £104,450,305

NAV PER ZERO DIVIDEND PREFERENCE SHARE         117.13p
NAV (EX INCOME) PER INCOME SHARE               100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE       72.08p