Portfolio of Investments

City of Oxford Geared Inc Tst PLC
14 November 2000

The company announces the following un audited data relating to its portfolio
of investments as at 10 November 2000:

                                             As at              As at
                                          10 Nov 2000         3 Nov 2000

TOTAL ASSETS                              £160,036,237       £157,501,156
TOTAL BANK DEBT                           £ 47,550,000       £ 47,550,000
NET ASSETS                                £112,486,237       £109,951,156

NAV PER ZERO DIVIDEND PREFERENCE SHARE         117.86p             117.68p
NAV (EX INCOME) PER INCOME SHARE               100.02p             100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE      116.86p             102.63p