Holding in Company

Gartmore Monthly Income Tst PLC
16 February 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

      GARTMORE MONTHLY INCOME TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

       B C ASSET MANAGEMENT

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.

      YEOMAN INV. TRUST                 4,337,240  =  3.95%

      US GROWTH & INCOME FUND           2,000,000  =  1.82%

                                        6,337,240  =  5.77%         



5)   Number of shares/amount of stock acquired.

      500,000

6)   ( 4.55 %) of issued Class

7)   Number of shares/amount of stock disposed

      -

8)   ( N/A %) of issued Class

9)   Class of security


      ORDINARY 1P SHARES

10)  Date of transaction

      15/2/01

11)  Date company informed


       16/2/01

12)  Total holding following this notification


       6,337,240        
              
13)  Total percentage holding of issued class following this notification

        5.77%

14)  Any additional information

        See Letters Below

15)  Name of contact and telephone number for queries

        L.J. Powell

        020 7782 2649

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

     Date of Notification ........16 February 2001


Letter to Gartmore Monthly Income Trust plc  dated 16 February 2001

Re:  Section 198-210 Companies Act 1985 (As Amended)

As required under the terms of the above Act, I am writing to advise you of the
following transactions affecting notifiable interests of the aggregate of funds
managed by the above Company.

Transactions

Date        Buy/Sale      Nominal       Class of Share      Fund Name

09/02/01     Placing      3000000       New Ordinary        Yeoman
09/02/01     Placing      2000000       New Ordinary        US Growth & Income

These transactions leave the following trusts holdings as:

Yeoman Investment Trust PLC          4337240
US Growth and Income Fund            2000000

Which according to our records represents a holding of 5,77% of this class of
share.  I trust this is satisfactory however if you have any queries please do
not hesitate to contact me on 01202 201436.

From BC Asset Management

Letter to Gartmore Monthly Income Trust Plc - 16 February 2001

Section 198 - 210 Companies Act 1985 (As Amended)

As required under the terms of the above Act, I am writing to advise you of the
following transaction affecting notifiable interests held by the above Company:

               15.02.01     Reconstruction    4,337,240 Ordinary 1p shares

This transaction takes the Trust's holding to 4,337,240 Ordinary 1p shares,
which according to our records, represents a holding of 3,949% of this class of
capital.

The shares are held in the name of RBSTB Nominees Ltd

From Yeoman Investment Trust plc