RNS Number:4365R
Naples (Province of)
13 February 2002


AMENDMENT

As Agent Bank, please be advised of the following rate determined on: 
23-NOV-2001.

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-2001  To  27-MAY-2002    Payment Date  27-MAY-2002 
Number of Days    :  181
Rate              :  3.487                    Pool Factor: 0.83335
Denomination EUR  :  833.35
Amount Payable
Per Denomination  :  14.61

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


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