98LR Orig B Frn29s

RNS Number:1081T
Originated Mortgage Loans 1 PLC
15 March 2002


As Agent Bank, please be advised of the following rate determined on: 
15-Mar-2002.

Issue             :  Originated Mortgage Loans 1 Plc Class A2
                     £130,000,000 Mortgage Backed FRN Due 2029
ISIN Number       :  XS0088533129
Issue Nominal GBP :  130,000,000.00 
Period            :  15-Mar-2002  to  15-Apr-2002    Payment Date  15-Apr-2002 
Number of Days    :  31
Rate              :  4.38914               Pool Factor:   0.03635775
Denomination GB   :  4,726,508.00
Amount Payable
per Denomination  :  17,619.30

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







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