RNS Number:3728H
Pendeford Mortgages No 1 PLC
15 March 2000


RE   PENDEFORD MORTGAGES NO.1
     GBP 195,000,000 CLASS A4
     DUE SEPTEMBER 2037
     ISSUE DATE: 01 MARCH 1996
     ISIN: XS0064204869


PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
15MAR00 TO 15JUN00 HAS BEEN FIXED AT 6.38563 PCT.

INTEREST PAYABLE VALUE 15JUN00 WILL AMOUNT TO
GBP 1,605.13  PER GBP 100,000 DENOMINATION.
-----------------------------------------------------------


IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 171 508 3855/3857 OR FAX: 44 171 508 3881.


END
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