98LR Orig B Frn29s

RNS Number:9295D
Originated Mortgage Loans 1 PLC
18 November 2002


                               ***AMENDMENT***


As Agent Bank, please be advised of the following rate determined on: 
15-NOV-2002.

Issue             :   ORIGINATED MORTGAGE LOANS 1 PLC CLASS M2
                      #11,000,000 MORTGAGE BACKED FRN DUE 2029
ISIN Number       :   XS0088533632
Issue Nominal GBP :   11,000,000.00
Period            :   15-NOV-2002  To  16-DEC-2002    Payment Date  16-DEC-2002 
Number of Days    :   31
Rate              :  *4.85047*
Denomination GBP  :   11,000,000.00
Amount Payable
Per Denomination  :   45,315.35

From:
Institutional    Telephone 44 (0) 1202 34 1286
Trust Services   Facsimile 44 (0) 1202 34 7438



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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