98LR Orig B Frn29s

RNS Number:9291D
Originated Mortgage Loans 1 PLC
18 November 2002



                              AMENDMENT

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

Issue                 :  Originated Mortgage Loans 1 Plc Class B
                         #10,000,000 Mortgage Backed FRN due 2029
ISIN                  :  XS0088533988
Issue Nomin GBP       :  10,000,000.00
Period                :  15-Nov-2002 to 16-Dec-2002    Payment Date 16-Dec-2002
Number of Days        :  31
Rate                  :  *5.70047*
Denomination GBP      :  10,000,000.00
Amount Payable        :  48,414.95
per Denomination

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


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