Portfolio of Investments

City of Oxford Geared Inc Tst PLC
10 October 2000


The company announces the following unaudited data relating to its portfolio
of investments as at 6 October 2000:

TOTAL ASSETS                              £156,102,526
TOTAL BANK DEBT                           £ 47,550,000
NET ASSETS                                £108,552,526

NAV PER ZERO DIVIDEND PREFERENCE SHARE         116.95p
NAV (EX INCOME) PER INCOME SHARE               100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE       96.11p