98LR Orig B Frn29s

RNS Number:8930D
Originated Mortgage Loans 1 PLC
15 November 2002


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

Issue             :  Originated Mortgage Loans 1 Plc - Class M2
                     #11,000,000 Mortgage backed FRN Due 2029  
ISIN Number       :  XS0088533632
Issue Nominal GBP :  11,000,000.00
Period            :  15-Nov-2002  to  16-Dec-2002    Payment Date  16-Dec-2002 
Number of Days    :  31
Rate              :  4.8525                
Denomination GB   :  11,000,000.00
Amount Payable
per Denomination  :  45,334.32 


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


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