54NV Dp World 30 U

RNS Number:6824U
Naples (Province of)
24 November 2000


To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
23-NOV-00.

Issue             :  PROVINCE OF NAPLES - SERIES 1
                     EUR 33,714,000 (MTN) FRN DUE 27/5/2014
ISIN NO           :  XS0097828189                       
Issue Nominal EUR :  33,714,000.00
Period            :  27-NOV-2000   To  28-MAY-2001    Payment Date  28-MAY-2001
Number of Days    :  182
Rate              :  5.293           Pool Factor: 0.90001                      
Denomination EUR  :  900.01
Amount Payable
Per Denomination  :  24.08

From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7945

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