Holding in Company

Gartmore Monthly Income Tst PLC
22 February 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     GARTMORE MONTHLY INCOME TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ABERDEEN ASSET MANAGERS LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18



4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     SEE SCHEDULE BELOW

5)   Number of shares/amount of stock acquired.

     4,089,000

6)   (3.72%) of issued Class

7)   Number of shares/amount of stock disposed

     -

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY 1p

10)  Date of transaction

     16/2/01

11)  Date company informed

     21/2/01

12)  Total holding following this notification

     32,400,668
                             
13)  Total percentage holding of issued class following this notification

     29.50

14)  Any additional information

     FOLLOWS RECENT PLACING ON RE-ORGANISATION AND RESTRUCTURING

15)  Name of contact and telephone number for queries

     L. J. POWELL: 020 7782 2649

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification: 22 FEBRUARY 2001



Aberdeen Asset Managers (A)

Gartmore Monthly Income Trust PLC Ordinary shares held at   15-Feb-01



                                 Previous       %      Current      %  Movement
                                  Holding              Holding

Aberdeen High   State Street 
 Income Trust       Nominees 
                    A/C XCC4     8,000,000    7.28   9,080,000   8.27  1,080,000


Aberdeen Conv    HSBC Global
 Income Trust       Nominees
                  A/C 748639       850,000    0.77     858,500   0.78      8,500


                  
American Monthly  HSBC
 Income Trust     International 
                  A/C 11769401   3,986,000    3.63   4,025,860   3.67     39,860


Leveraged Income  HSBC
 Fund             International
                  A/C 10980901   4,495,000    4.09   5,339,950   4.86    844,950


Danae Investment  State Street
 Trust            Nominees 
                  A/C XCD5         750,000    0.68     757,500   0.69      7,500


Jove Investment   State Street     
 Trust            Nominees 
                  A/C XCD6         450,000    0.41     454,500   0.41      4,500


Media & Income    State Street           
 Trust            Nominees
                  A/C XCD7               0    0.00   1,000,000   0.91  1,000,000


European Growth   State Street
 & Income Trust   Nominees
                  A/C XCJ8               0    0.00   1,000,000   0.91  1,000,000



European Monthly  HSBC                   0    0.00   1,000,000   0.91  1,000,000
 Income Trust     International
                  A/C 11493101


European          HSBC
 Technology &     International
 Income           A/C 11380701           0    0.00   2,000,000   1.82  2,000,000



St Davids         RBSTB Nominees         0    0.00   2,000,000   1.82  2,000,000
 Investment
 Trust



Aberdeen Fund     State Street 
 of Inv Trusts     Nominees 
                   A/C XCF8        225,001    0.20     227,251   0.21      2,250


Technology &      HSBC             900,000    0.82   3,909,000   3.56  3,009,000
 Income Trust     International
                  A/C 11065701



Murray Johnstone  n/a              740,700    0.67     748,107   0.68      7,407

                                20,396,701   18.57  32,400,668  29.50 12,003,967



 Ordinary 1p shares in issue   109,842,768