Portfolio of Investments

City of Oxford Geared Inc Tst PLC
22 August 2000


The company announces the following unaudited data relating to its portfolio
of investments as at 18 August 2000:

TOTAL ASSETS                              £159,224,393
TOTAL BANK DEBT                           £ 47,550,000
NET ASSETS                                £111,674,393

NAV PER ZERO DIVIDEND PREFERENCE SHARE         115.67p
NAV (EX INCOME) PER INCOME SHARE               100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE      116.78p