Holding in Company

Gartmore Monthly Income Tst PLC
19 February 2001



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

GARTMORE MONTHLY INCOME TRUST PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

CGNU PLC AND MORLEY FUND MANAGEMENT LIMITED


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.

CUIM NOMINEES LIMITED


5)   Number of shares/amount of stock acquired.

6,218,770


6)   ( 5.66 %) of issued Class


7)   Number of shares/amount of stock disposed


8)   ( N/A %) of issued Class


9)   Class of security

ORDINARY 1p


10)  Date of transaction

15/2/01


11)  Date company informed

16/2/01


12)  Total holding following this notification

6,218,770

               
              
13)  Total percentage holding of issued class following this notification

5.66


14)  Any additional information

FOLLOWING RE-ORGANISATION OF GARTMORE SHARED EQUITY TRUST P.L.C


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 ... 19 FEBRUARY 2001 ...



LETTER TO: GARTMORE SHARED EQUITY TRUST PLC

GARTMORE SHARED EQUITY TRUST PLC (THE 'COMPANY')

This notification relates to issued ordinary shares of 1p each (Sedol No.
0560366) in the capital of the Company (the 'shares') and is given in
fulfilment of the obligations imposed by sections 198 to 202 of the Companies
Act 1985 (the 'Act').

This notification arises from a sub-division.

1.   Notification on behalf of Morley Fund Management Limited (a subsidiary of
     CGNU plc)

1.1  We hereby notify you on behalf of Morley Fund Management Limited that
     immediately after the time when the obligation to make this notification   
     arose Morley Fund Management Limited were interested in 6,218,770 shares.

1.2  The identity of the registered holders of the shares to which this
     notification relates and the number of shares held by each of them are set 
     out in the Appendix below: Morley Fund Management Limited.

2    Aggregate holding of CGNU plc

2.1  We hereby notify you that the aggregate holding of the CGNU plc in the
     shares is 6,218,770 giving the CGNU group a total percentage interest in   
     the shares of 5,66%.

If you require further information as to which companies in the CGNU group hold
interests in the shares (by virtue of s.203 of the Act) please submit a written
request and we will be happy to supply this information.

We are only required to notify interests which are defined as material interests
when the holding is equal to 3% or more of the Company's relevant share capital.
The term material interests exclude certain categories where we do not hold a
beneficial interest, for example where the shares are held in an Authorised Unit
Trust Scheme or Open Ended Investment Company. Holdings in those categories are
therefore not included in the holding notified under this letter. If you wish us
to confirm the level of holdings in these categories, please let us know.

LETTER FROM: CGNU PLC