99OA Perm.cust.a2br

RNS Number:7495Y
Permanent Custodians Ld
17 July 2002



FAX DATED 08 JULY 2002


RE:   ARMS II EURO FUND 4
      USD 731,000,000 CLASS A 
      DUE JUNE 2033 
      ISIN XS0149964198
 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
10JUL02 TO 10SEP02 HAS BEEN FIXED AT 2.04 PCT.

INTEREST PAYABLE 10SEP02 WILL AMOUNT TO
USD 351.33 PER USD 100,000.00 DENOMINATION.


IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 
44 020 7508 3855/3857 OR FAX 44 020 7508 3881.
 
RATE-FIX DESK 
CITIBANK N.A. LONDON



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