Holding in Company

City of Oxford Geared Inc Tst PLC
9 August 2000


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
City of Oxford Geared 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:
In respect of funds managed by shareholder in (2) above

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

5   Number of shares/amount of stock acquired:
Nil

6   Percentage of issued class:
Nil

7   Number of shares/amount of stock disposed:
450,000

8   Percentage of issued class:
2.594

9   Class of security:
Geared Ordinary

10  Date of transaction:
4 August 2000

11  Date company informed:
8 August 2000

12  Total holding following this notification:
2,337,893

13  Total percentage holding of issued class following this notification:
13.475%

14  Contact name for queries:
Christopher Wise

15 Contact telephone number:
020 7597 1843

16  Name of company official responsible for making notification:
Christopher Wise

17  Date of notification:
9 August 2000


Additional Information:
Geared Ordinary Shares under management of Aberdeen Asset Management Limited
are held as follows:


Fund Name            Holding        %        Registered Name
                    
Aberdeen Preferred  1,620,241     9.339%     State Street Nominees Ltd
Income Trust PLC                             Account XCC8

Danae Investment       82,498     0.475%     State Street Nominees Ltd
Trust PLC                                    Account XCD5

Jove Investment       201,052     1.159%     State Street Nominees Ltd
Trust PLC                                    Account XCD6

Leveraged Income      434,102     2.502%     HSBC Bank International
Fund Limited                                 10980901 

                    ---------     ------- 
                    2,337,893     13.475%
                    =========     =======

NOTE:  This announcement replaces the Company's announcement dated 7 August
2000 made upon Aberdeen's notification that they had sold 450,000 Income
shares, when the notification should have been in respect of the sale of
450,000 Geared Ordinary shares.  Aberdeen's aggregate interest in Income
shares therefore remains 8,400,000, and has not reduced to 7,950,000 as stated
in the 7 August announcement.