Holding in Company

Gartmore Monthly Income Tst PLC
30 March 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

GARTMORE MONTHLY INCOME TRUST PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

CGNU PLC
ALSO, 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 LTD


5)   Number of shares/amount of stock acquired.



6)   (    %) of issued Class

7)   Number of shares/amount of stock disposed


8)   (    %) of issued Class

9)   Class of security

ORDINARY SHARES

10)  Date of transaction

28/3/01

11)  Date company informed

29/3/01


12)  Total holding following this notification

4,618,770
               
              
13)  Total percentage holding of issued class following this notification

4.205%


14)  Any additional information

SEE ATTACHED LETTER


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 ...... 30 MARCH 2001 ........




LETTER TO GARTMORE MONTHLY INCOME TRUST PLC


GARTMORE MONTHLY INCOME TRUST PLC (THE 'COMPANY') - SEDOL 0550366

This notification relates to issued ordinary shares of 1p each 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').

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 4,618,770 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 attached Appendix: Morley Fund Management Limited.

2.   Notification on behalf of CGNU plc.

2.1  We hereby notify you on behalf of CGNU plc that immediately after the time
when the obligation to make this notification arose CGNU plc were interested in
4,618,770 shares giving the CGNU group a total percentage interest in the shares
of 4.21%.

2.2  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 attached Appendix: CGNU plc.

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