Holding in Company

Gartmore Monthly Income Tst PLC
20 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.

     HSBC BANK INTL.          1,105,000
     HSBC GLOBAL CUSTODY:-
        LMI INCOME & GROWTH   1,650,000
        LMI STRATEGIC ASSETS     20,000
                              ---------
                              2,775,000
                              =========

5)   Number of shares/amount of stock acquired.

     -

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

     1,897,000

8)   ( 1.72% ) of issued Class

9)   Class of security

     ORDINARY

10)  Date of transaction

     17/8/01

11)  Date company informed

     20/8/01

12)  Total holding following this notification

     2,775,000
               
13)  Total percentage holding of issued class following this notification

     2.53%

14)  Any additional information

     HSBC BANK INTL: SOLD
     BENEFICIAL:- LMI AMERICAN ASSETS LTD
       
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  20 AUGUST 2001