BM48 Pref Res 3 A 33

RNS Number:5958R
Preferred Residential Secs 3 PLC
15 February 2002


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

Issue             :  PREFERRED RESIDENTIAL SECURITIES 3 PLC  - CLASS A
                     GBP113,500,000 MORTGAGE BACKED FRN DUE 2033
ISIN NO           :  XS0123849712
Issue Nominal GBP :  113,500,000.00
Period            :  15-FEB-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  89
Rate              :  4.48602               POOL FACTOR:  0.7479
Denomination GB   :  7,479.00 
Amount Payable
Per Denomination  :  81.81 


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



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