Portfolio of Investments

City of Oxford Geared Inc Tst PLC
5 September 2000


The company announces the following unaudited data relating to its portfolio
of investments as at 1 September 2000:

TOTAL ASSETS                              £159,509,681
TOTAL BANK DEBT                           £ 47,550,000
NET ASSETS                                £111,959,681

NAV PER ZERO DIVIDEND PREFERENCE SHARE         116.03p
NAV (EX INCOME) PER INCOME SHARE               100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE      117.66p