Holding in Company

Gartmore Monthly Income Tst PLC
10 July 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     GARTMORE MONTHLY INCOME TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     B C ASSET MANAGEMENT

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.

     YEOMAN INVESTMENT TRUST PLC               4,077,240

     US GROWTH AND INCOME FUND                       NIL

5)   Number of shares/amount of stock acquired.

     -

6)   ( N/A %) of issued Class


7)   Number of shares/amount of stock disposed

     670,000

8)   (6.10%) of issued Class

9)   Class of security

     ORDINARY

10)  Date of transaction

     3/7/01

11)  Date company informed

     9/7/01

12)  Total holding following this notification

     4,077,240
               
              
13)  Total percentage holding of issued class following this notification

     3.71

14)  Any additional information

     SEE LETTER BELOW FOR SPLIT OF SALES

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 ....10 JULY 2001......


LETTER TO: GARTMORE MONTHLY INCOME TRUST PLC
4 July 2001

Re:    Section 198-210 Companies Act 1985 (As Amended)

As required under the terms of the above Act, I am writing to advise you of the
following transactions affecting notifiable interests of the aggregate of funds
managed by BC Asset Management.

Transactions

Date          Buy/Sale       Nominal     Class of Share     Fund Name

03/07/01      Sale           260000      New Ordinary       Yeoman

03/07/01      Sale           410000      New Ordinary       US Growth & Income

These transactions leave the following trusts holdings as:

Yeoman Investment Trust PLC          4077240 
US Growth and Income Fund            0

Which according to our records represents a holding of 3.71% of this class of
share.


From:  Alison Dean (Compliance Officer & Financial Controller, BC Asset         
                    Management)