RNS Number:4961S
Mortgages No 1 PLC
13 October 2000


AMENDMENT

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
12-Oct-2000.

Issue:             Mortgages No 1 plc - Series B       
                   #13,500,000 Mortgage Backed FRN due April 2033
ISIN NO:           XS0111091871                         
Issue Nominal GBP: 13,500,000.00
Period:            12-Oct-2000   To  12-Jan-2000   Payment Date   12-Jan-2000
Number of Days:    92
Rate:              9.17969                    
Denomination  GBP: 10,000.00
Amount Payable
Per Denomination:  230.82

From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7939
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