Holding in Company

City of Oxford Geared Inc Tst PLC
30 October 2000



Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
CITY OF OXFORD GEARED INCOME

2   Name of shareholder having a major interest:
MURRAY JOHNSTONE 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 the funds managed by Murray Johnstone Limited

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Remaining Holdings:
CHASE NOMINEES LIMITED

5   Number of shares/amount of stock acquired:
Nil

6   Percentage of issued class:
Nil

7   Number of shares/amount of stock disposed:
250,000

8   Percentage of issued class:
1.441

9   Class of security:
5p Geared Ordinary Shares

10  Date of transaction:
20 October 2000

11  Date company informed:
30 October 2000

12  Total holding following this notification:
1,925,000

13  Total percentage holding of issued class following this notification:
11.095%

14  Contact name for queries:
Christopher Wise

15 Contact telephone number:
020 7 597 1843

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

17  Date of notification:
30 October 2000


Additional Information:
Notifications received are in respect of:

i)  The transfer of 1,000,000 Geared Ordinary Shares from Murray Global Return
    Trust to Murray Japan Growth Trust on 17 October 2000 and

ii) The sale by Murray Global Return Trust of 250,000 Geared Ordinary Shares
    on 20 October 2000.

Geared Ordinary Shares under the management of Murray Johnstone Limited are
held as follows:

1,000,000    Murray Global Return Trust
  575,000    Murray Japan Growth Trust
  350,000    Murray Extra Return Investment Trust
---------
1,925,000
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