55OJ Res.mort.7'a'4a

RNS Number:4064P
Residential Mortgage Secs No.7 PLC
14 August 2000

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
11-Aug-2000.

Issue:            Residential Mortgage Securities 7 PLC - Class B
                  #8,000,000 Mortgage Backed FRN due 2038

ISIN NO:          XS0102822177               
Issue Nominal GBP:8,000,000.00
Period:           11-Aug-2000    To   13-Nov-2000  Payment Date  13-Nov-2000
Number of Days:   94
Rate:             10.65375                       
Denomination GBP: 100,000.00
Amount Payable
Per Denomination: 2,736.21

From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7939

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