Holding in Company

Gartmore Monthly Income Tst PLC
16 August 2001



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

GARTMORE MONTHLY INCOME TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ABERDEEN ASSET MANAGERS 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

AS ABOVE

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

VARIOUS

5)   Number of shares/amount of stock acquired.

-

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

2,015,000

8)   (1.83 %) of issued Class

9)   Class of security

ORDINARY SHARES OF 1P EACH

10)  Date of transaction

15/8/01

11)  Date company informed

16/8/01

12)  Total holding following this notification

25,197,353
               
              
13)  Total percentage holding of issued class following this notification

22.94%

14)  Any additional information

ABERDEEN ASSET MANAGERS LIMITED MANAGES THESE SHARES ON BEHALF OF DISCRETIONARY
FUNDS UNDER MANAGEMENT

15)  Name of contact and telephone number for queries

CHRIS KEELEY   020 7782 2389

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

     Date of Notification ..16/8/2001