Holding in Company

Gartmore Monthly Income Tst PLC
9 August 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 PLC

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 SCHEDULE BELOW

5)   Number of shares/amount of stock acquired.

     1,150,000

6)   (1.05%) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction



11)  Date company informed

     8/8/01

12)  Total holding following this notification

      4,672,000
               
13)  Total percentage holding of issued class following this notification

     4.25%

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 ...9TH AUGUST 2001....



LeggMason Investors Assets Managers plc

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

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

LeggMason     3,002,000    2.73     3,002,000    2.73          0  HSBC Bank
Investors                                                         International 
American                                                          Ltd
Assets                                                           
Limited

LeggMason       500,000    0.46     1,650,000    1.50  1,150,000  HSBC Global
Investors                                                         Custody 
Income &                                                          Nominees (UK)
Growth Trust                                                      Ltd
plc

LeggMason        20,000    0.02        20,000    0.02          0  HSBC Global
Investors                                                         Custody 
Strategic                                                         Nominees (UK)
Assets Trust                                                      Ltd
plc

LeggMason     3,522,000    3.21     4,672,000    4.25  1,150,000  
Investors 
Assets 
Managers plc
Total Holding

As at 8/8/2001