Portfolio of Investments

City of Oxford Geared Inc Tst PLC
24 October 2000


The company announces the following un audited data relating to its portfolio
of investments as at 20 October 2000:

TOTAL ASSETS                              £152,206,702
TOTAL BANK DEBT                           £ 47,550,000
NET ASSETS                                £104,656,702

NAV PER ZERO DIVIDEND PREFERENCE SHARE         117.31p
NAV (EX INCOME) PER INCOME SHARE               100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE       72.89p