1.I have a fishing rod.
2.I read an interesting book.
Is {in (1)} fishing a gerund or a participle in 1? OR "In 1, is fishing a ..."
JTT: The placement of 'in 1' is unnatural, Hanuman.
In (2), interesting is a participle. Am I right?
Then why ISN'T "fishing" in (1) a...