Portfolio of Investments

City of Oxford Geared Inc Tst PLC
3 October 2000


The company announces the following unaudited data relating to its portfolio
of investments as at 29 September 2000:

TOTAL ASSETS                              £154,127,310
TOTAL BANK DEBT                           £ 47,550,000
NET ASSETS                                £106,577,310

NAV PER ZERO DIVIDEND PREFERENCE SHARE         116.76p
NAV (EX INCOME) PER INCOME SHARE               100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE       85.11p