RNS Number:5181D
Beta Finance Corporation
11 May 2001


DATE: 11 MAY 2001

RE:       BETA FINANCE CORPORATION
          USD 5,000,000 SERIES 744 EMTN
          MATURITY: MARCH 2002
          ISIN : XS0126529683

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE
PERIOD 15MAY01 TO 15JUN01 HAS BEEN FIXED AT 4.1125 PCT PER ANNUM.

THE COUPON AMOUNT DUE 15JUN01 WILL AMOUNT TO:
USD 35.41 PER USD 10,000 DENOMINATION.
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 71 508 3855/3857 OR FAX: 44 171 508 3881.


RATE FIX DESK
CITIBANK N.A., LONDON
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