Holding in Company

Gartmore Monthly Income Tst PLC
4 October 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

GARTMORE MONTHLY INCOME TRUST PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

EXETER ASSET 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.

DARTMOOR INVESTMENT TRUST PLC


5)   Number of shares/amount of stock acquired.


500,000

6)   (0.46%) 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

2/10/01


11)  Date company informed

3/10/01


12)  Total holding following this notification

4,325,000

               
13)  Total percentage holding of issued class following this notification

3.94%


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 ..4 OCTOBER 2001......................