Holding in Company

Gartmore Monthly Income Tst PLC
6 June 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



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

     SEE BELOW SCHEDULE


5)   Number of shares/amount of stock acquired.



6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

     815,000


8)   (0.74%) of issued Class

9)   Class of security

     1P ORDINARY SHARES


10)  Date of transaction

     5.6.01


11)  Date company informed

     6.6.01


12)  Total holding following this notification

     3,792,000

               
13)  Total percentage holding of issued class following this notification

     3.45%


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   6 JUNE 2001



LeggMason Investors Assets Managers plc

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


Fund Name         Previous  Previous  Current  Current   
                  Holding      %      Holding     %    Movement Registered Name

LeggMason Investors
American Assets
Limited           3,947,000   3.59    3,272,000  2.98  (675,000) HSBC Bank
                                                                 International
                                                                 Ltd

LeggMason Investors 
Income & Growth
Trust plc           500,000   0.46      500,000  0.46      0    HSBC Global
                                                                Custody Nominees
                                                                (UK) Ltd

LeggMason Investors
Strategic Assets
Trust plc           160,000   0.15       20,000  0.02 (140,000) HSBC Global
                                                                Custody Nominees
                                                                (UK) Ltd

LeggMason Investors
Assets Managers plc
Total Holding     4,607,000   4.19    3,792,000  3.45 (815,000)

As at 05/06/2001