98LR Orig B Frn29s

RNS Number:5861R
Originated Mortgage Loans 1 PLC
15 February 2002

To:  Company Announcements Office:

As Agent Bank, please be advised of the following rate determined
on : 15-Feb-2002
 
Issue                    : Originated Mortgage Loans 1 Plc Class B 
                           £10,000,000 Mortgage Backed FRN Due 2029
ISIN Number              : XS0088533988
Issue Nomin GBP          : 10,000,000.00
Period                   : 15-Feb-2002 to 15-Mar-2002   Payment Date 15-Mar-2002
Number of Days           : 28
Rate                     : 5.69266
Denomination GB          : 10,000,000.00
Amount Payable           : 43,669.72
per Denomination

From:
Institutional Trust Services                 Telephone   44 (0) 1202 34 1286
                                             Facsimile   44 (0) 1202 34 7438


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