Portfolio of Investments

City of Oxford Geared Inc Tst PLC
7 November 2000


The company announces the following un audited data relating to its portfolio
of investments as at 3 November 2000:

                                             As at              As at
                                          3rd Nov 2000       31 Oct 2000

TOTAL ASSETS                              £157,501,156       £155,807,947
TOTAL BANK DEBT                           £ 47,550,000       £ 47,550,000
NET ASSETS                                £109,951,156       £108,257,947

NAV PER ZERO DIVIDEND PREFERENCE SHARE         117.68p             117.60p
NAV (EX INCOME) PER INCOME SHARE               100.02p             100.02p
NAV (EX INCOME) PER GEARED ORDINARY SHARE      102.63p              93.04p