Holding in Company

Gartmore Monthly Income Tst PLC
11 January 2002


                  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.

      2,470,000

6)   ( 2.25 %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction

     10.1.02

11)  Date company informed

     11.1.02

12)  Total holding following this notification

      29,663,298
               
13)  Total percentage holding of issued class following this notification

      27.01%

14)  Any additional information

      ACQUIRED BY THE TECHNOLOGY & INCOME TRUST LIMITED

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 ....11TH JANUARY 2002....................




Aberdeen Asset Managers Limited 

Gartmore Monthly Income Trust PLC Ordinary shares held at   10-Jan-02

Beneficial     Registered   Previous   %     Current     %        Movement
Holder         Holder       Holding          Holding

Aberdeen Conv  HSBC Global  
Income Trust   Nominees 
               A/C 748639   858,500   0.78   858,500    0.78         0

Aberdeen Fund  State Street 
of Inv Trust   Nominees      
(Unit Trust)   A/C XCF8     102,251   0.09  102,251     0.09         0

                      
Aberdeen High  State Street
Income Trust   Nominees 
               A/C XCC4   10,548,000  9.60 10,548,000   9.60         0

Aberdeen       State Street
Preferred      Nominees
Income Trust   A/C XCC8   1,909,000  1.74   1,909,000   1.74         0 

American       HSBC
Monthly        International
Income Trust   A/C 
               11769401   2,701,026  2.46   2,701,026   2.46         0

Danae          State Street
Investment     Nominees
Trust          A/C XCD5   757,500   0.69    757,500    0.69          0

European       HSBC
Monthly        International
Income Trust   A/C 
               11493101   385,000   0.35    385,000    0.35          0 

Glasgow 
Private Clients   --      748,107   0.68    748,107    0.68          0

Jove           State Street
Investment     Nominees
Trust          A/C XCD6   454,500   0.41    454,500    0.41          0

LAHC           MSS 
               Nominees   163,412   0.15    163,412    0.15          0    

Leveraged      HSBC
Income Fund    International 
               A/C
               10980901  3,894,950  3.55   3,894,950    3.55         0

Murray         Chase
Global Return  Nominees  2,123,107  1.93   2,123,107    1.93         0
Trust                      

St Davids      
Investment     RBSTB   
Trust          Nominees  2,547,945  2.32  2,547,945     2.32         0
 

Technology &   RBSTB
Income Trust   Nominees        0    0.00  2,470,000     2.25      2,470,000  

                      27,193,298   24.76  29,663,298   27.01      2,470,000
 
        Ordinary lp shares 
        in issue     109,842,768