Holding in Company

City of Oxford Geared Inc Tst PLC
8 May 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company
The City of Oxford Geared Income Trust PLC

2) Name of shareholder having a major interest

     BFS Investments plc

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 below


5) Number of shares/amount of stock acquired
     Not disclosed

6) Percentage of issued class


7) Number of shares/amount of stock disposed
     Not disclosed

8) Percentage of issued class


9) Class of security
     Geared ordinary 5p shares

Income 5p shares


10) Date of transaction
     Not disclosed


11) Date company informed
     8 May 2001


12) Total holding following this notification
     1,316,676 Geared ordinary 5p shares

6,600,000 Income 5p shares


13) Total percentage holding of issued class following this notification
     7.59% Geared ordinary 5p shares

13.40% Income 5p shares


14) Any additional information
     Heather J Williams


15) Name of contact and telephone number for queries
     020 7597 1843


16) Name and signature of authorised company official responsible for
making this notification

     Heather J Williams

17) Date of notification:

8th May 2001

Additional Information

Fund Name                               Current Holding              Current %

                                          Geared ordinary shares

BFS Equity Income & Bond Trust plc                384,000              2.21

Geared Income Investment Trust plc                919,613              5.30
Non discretionary Private clients                 13,063               0.08

                                                 1,316,676             7.59

                                               Income shares

BFS Income & Growth Trust PLC                    2,200,000             4.47
BFS Equity Income & Bond Trust Ltd               1,000,000             2.03
Geared Income Investment Trust PLC               2,100,000             4.26
BFS UK Dual Return Trust PLC                      550,000              1.12
BFS US Special Opportunities Trust PLC            750,000              1.52

                                                 6,600,000            13.40%