RNS Number:3747M
Non Conforming Mortgages 1 PLC
16 June 2000



To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-Jun-2000.

Issue:             Non Conforming Mortgages 1 PLC - Class A
                   #56,400,000 Mortgage Backed FRN due 2037
ISIN NO:           XS0096552392               
Issue Nominal GBP: 56,400,000.00
Period:            15-Jun-2000   To  17-Jul-2000   Payment Date   17-Jul-2000
Number of Days:    32
Rate:              6.47906                   Pool Factor:   0.6791        
Denomination GBP:  6,791.00
Amount Payable
Per Denomination:  38.47

From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7939



END

RC UNSKRRORNARR
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