98LR Orig B Frn29s

RNS Number:1983F
Originated Mortgage Loans 1 PLC
16 December 2002


As Agent Bank, please be advised of the following rate determined on: 
16-DEC-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            :  16-DEC-2002  To  15-JAN-2003    Payment Date  15-JAN-2003 
Number of Days    :  30
Rate              :  4.91375              
Denomination GBP  :  11,000,000.00
Amount Payable
Per Denomination  :  44,425.68

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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