77KJ Akademiska 25

RNS No 2185p
FINANCE FOR PEOPLE NO 1 PLC
29TH May 1998


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 29MAY98 TO
28AUG98 AS FOLLOWS....

CLASS A1 RATE 7.56 PCT
CLASS A2 RATE 7.63 PCT
CLASS B  RATE 7.85 PCT
CLASS C  RATE 8.19 PCT

INTEREST PAYABLE VALUE 28AUG98 WILL BE AS FOLLOWS:

CLASS A1 GBP 68.27 PER GBP 3,622.18 DENOMINATION
CLASS A2 GBP 190.23 PER GBP 10,000.00 DENOMINATION
CLASS B  GBP 195.71 PER GBP 10,000.00 DENOMINATION
CLASS C  GBP 204.19 PER GBP 10,000.00 DENOMINATION

PAUL YARDE
GLOBAL TRUST AND AGENCY SERVICES
0171 325 8818

END


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