Portfolio of Investments

City of Oxford Geared Inc Tst PLC
6 February 2001


The company announces the following unaudited data relating to its portfolio
of investments as at 02 February 2001:


TOTAL ASSETS                              £162,970,381 
TOTAL BANK DEBT                           £ 47,550,000      
NET ASSETS                                £115,420,381      

NAV PER ZERO DIVIDEND PREFERENCE SHARE         120.10p 
NAV (EX INCOME) PER INCOME SHARE               100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE      129.08p