Directors Shareholding(s)

Gartmore Monthly Income Tst PLC
19 February 2001



Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Gartmore Monthly Income Trust

2   Name of director:
ROGER ADAMS

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
SPOUSE

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
MRS JEAN HELEN ADAMS

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):


6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:


7   Number of shares/amount of stock acquired:
20,100 

8   Percentage of issued class:
0.018%

9   Number of shares/amount of stock disposed:
N/A

10  Percentage of issued class:
N/A

11  Class of security:
ORDINARY SHARES OF 1P 

12  Price per share:
91P

13  Date of transaction:
19TH FEBRUARY 2001

14  Date company informed:
19TH FEBRUARY 2001

15  Total holding following this notification:
35,000

16  Total percentage holding of issued class following this notification:
0.032%

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:


18  Period during which or date on which exercisable:


19  Total amount paid (if any) for grant of the option:


20  Description of shares or debentures involved: class, number:


21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:


22  Total number of shares or debentures over which options held following
this notification:


23  Contact name for queries:
Leslie Powell

24  Contact telephone number:
0171 782 2649

25  Name of company official responsible for making notification:
Leslie Powell


Additional Information:
Acquisition follows the conversion of 10,000 Geared Ordinary Income shares of
Gartmore Shared Equity Trust into 10,100 Ordinary shares in Gartmore Monthly
Income Trust and allocation of 4,800 Ordinary shares in the Open Offer.