RNS Number:5818O
Income Partners Asian Coll.Ass.I Ld
27 July 2000

RE:  - LIBOR SETTING -
       INCOME PARTNERS ASIAN COLLATERALIZED ASSETS 1 LIMITED


The Libor setting for the Interest Payment due on January 31, 2001 is as
follows:

     DESCRIPTION          AMT/RATE          CALCULATION

1) 6mo USD LIBOR          6.89%             BBA PER BLOOMBERG - July 27, 2000

Only the Senior Note will have 0.25% added to this rate.
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