98LR Orig B Frn29s

RNS Number:2483G
Originated Mortgage Loans 1 PLC
16 January 2003


LETTER TO:  RNS

                                  AMENDED

As Agent Bank, please be advised of the following rate determined on: 
15-JAN-2003.

Issue             :   ORIGINATED MORTGAGE LOANS 1 PLC M2
                      #11,000,000 MORTGAGE BACKED FRN DUE 2029

ISIN Number       :   XS0088533632

Issue Nominal GBP :   11,000,000.00
Period            :   15-JAN-2003  To  18-FEB-2003    Payment Date  18-FEB-2003 
Number of Days    :   34
Rate              :   4.92258
Denomination GBP  :   11,000,000.00
Amount Payable
Per Denomination  :   50,439.59

From:  JP Morgan


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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