Holding in Company

Gartmore Monthly Income Tst PLC
19 July 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     GARTMORE MONTHLY INCOME TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     NEW STAR 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.

     NEW STAR ENHANCED INCOME TRUST PLC

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     500,000

8)   ( 0.46%) of issued Class

9)   Class of security

     ORDINARY

10)  Date of transaction

     17/7/2001

11)  Date company informed

     17/7/2001

12)  Total holding following this notification

     3,369,834 
              
13)  Total percentage holding of issued class following this notification

     3.07%

14)  Any additional information



15)  Name of contact and telephone number for queries

     LESLIE POWELL - 020 7782 2649

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

     Date of Notification  19 JULY 2001