Holding in Company

Gartmore Monthly Income Tst PLC
20 February 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     GARTMORE MONTHLY INCOME TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     LEGGMASON INVESTORS ASSET MANAGERS

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

     ON BEHALF OF CLIENTS

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     SEE SCHEDULE BELOW     

5)   Number of shares/amount of stock acquired.

     3,000,000

6)   ( 2.73% ) 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

     20/2/01

12)  Total holding following this notification

     4,717,000
               
              
13)  Total percentage holding of issued class following this notification

     4.29%

14)  Any additional information



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  20 February 2001



LeggMason Investors Assets Managers plc

Gartmore Monthly High Income Trust
Ordinary Shares
Issued Share Capital        109,842,768


Fund Name                                      Previous Previous Current Current
                                               Holding     %     Holding    %
    
LeggMason Investors American Assets Limited   1,700,000   1.55 4,217,000   3.84
LeggMason Investors Income & Growth Trust plc     0       0.00    500,00   0.46

LeggMason Investors Assets Managers plc
                             Total Holding    1,700,000   1.55 4,717,000   4.29



                                                Movement  Registered Name

LeggMason Investors American Assets Limited    2,500,000  HSBC Bank             
                                                          International Ltd
LeggMason Investors Income & Growth Trust plc    500,000  HCBC Global Custody
                                                          Nominees (UK) Ltd

LeggMason Investors Assets Managers plc
                             Total Holding     3,000,000

As at 15/2/2001