77KJ Akademiska 25

RNS No 2470j
FINANCE FOR PEOPLE (NO.1) PLC
28th August 1998


TO:  COMPANY ANNOUNCEMENTS OFFICE

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 28AUG98 TO
30NOV98 AS FOLLOWS....

CLASS A1 RATE 7.685 PCT
CLASS A2 RATE 7.755 PCT
CLASS B  RATE 7.975 PCT
CLASS C  RATE 8.315 PCT

INTEREST PAYABLE VALUE 30NOV98 WILL BE AS FOLLOWS.

CLASS A1 GBP 34.62  PER GBP 1,749.28 DENOMINATION
CLASS A2 GBP 199.72 PER GBP 10,000.00 DENOMINATION
CLASS B  GBP 205.38 PER GBP 10,000.00 DENOMINATION
CLASS C  GBP 214.14 PER GBP 10,000.00 DENOMINATION

FROM:
CRAIG HOEPFL
GLOBAL AGENCY AND TRUST SERVICES
CITIBANK N.A. 0171-508 3857

END

RC NFSPPASDPEFN

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