Holding in Company

Gartmore Monthly Income Tst PLC
18 April 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

GARTMORE MONTHLY INCOME TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

CGNU PLC / 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  3,048,770

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARE 1P

10)  Date of transaction



11)  Date company informed

17.4.01

12)  Total holding following this notification

3,048,770
               
              
13)  Total percentage holding of issued class following this notification

2.78%

14)  Any additional information

SEE BELOW

15)  Name of contact and telephone number for queries

GEORGE POWELL
020 7782 2653

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

     Date of Notification .....  18.4.2001   ...



Letter to: Gartmore Monthly Income Trust plc

Letter dated:  12 April 2001  

GARTMORE MONTHLY INCOME TRUST PLC (THE 'COMPANY') - SEDOL 0560366

This notification supersedes our previous notification to you dated 3 April
2001.

This notification relates to issued ordinary shares of 1p each in the capital of
the Company (the 'shares') and is given in fulfillment 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   Morley Fund Management Limited no longer have a notifiable interest in the
shares.

2.    Notification on behalf of CGNU plc.

2.1   CGNU plc no longer have a notifiable interest in the shares.

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. 


APPENDIX:    MORLEY FUND MANAGEMENT LIMITED

REGISTERED HOLDERS                        NUMBER OF SHARES HELD

CUIM Nominee Ltd                              3,048,770 (Material) 

TOTAL PERCENTAGE INTEREST OF MORLEY FUND MANAGEMENT LIMITED:  2.78%

ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 109,842,768       



APPENDIX:    CGNU PLC

REGISTERED HOLDERS                        NUMBER OF SHARES HELD

CUIM Nominee Ltd                              3,048,770 (Material) 

TOTAL PERCENTAGE INTEREST OF MORLEY FUND MANAGEMENT LIMITED:  2.78%

ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 109,842,768