77KJ Akademiska 25

RNS No 2815b
FINANCE FOR PEOPLE NO.1 PLC
29th August 1997


FINANCE FOR PEOPLE NO.1 PLC MORTGAGE BACKED FRN
DUE 2036
CLASS A1 XS0077794708
CLASS A2 XS0077795184
CLASS B  XS0077795341
CLASS C  XS0077795697

PLEASE BE ADVISED THAT WE HAVE TODAY SET THE RATES
ON THE ABOVE ISSUES FOR THE PERIOD FROM 29AUG97 TO
28NOV97 AS FOLLOWS....

CLASS A1 RATE 7.3725 PCT
CLASS A2 RATE 7.4425 PCT
CLASS B  RATE 7.6625 PCT
CLASS C  RATE 8.0025 PCT

INTEREST PAYABLE VALUE 28NOV97 WILL BE AS FOLLOWS.

CLASS A1 GBP 159.07 PER GBP 8,654.43 DENOMINATION
CLASS A2 GBP 185.55 PER GBP 10,000.00 DENOMINATION
CLASS B  GBP 191.04 PER GBP 10,000.00 DENOMINATION
CLASS C  GBP 199.51 PER GBP 10,000.00 DENOMINATION


PAUL YARDE
GLOBAL TRUST AND AGENCY SERVICES
0171 325 8777

END

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