RNS Number:3566M
Pendeford Mortgages No 1 PLC
15 June 2000


RE     PENDEFORD MORTGAGES NO.1
       GBP 30,000,000 CLASS A5
       DUE SEPTEMBER 2037
       ISSUE DATE: 01 MARCH 1996
       ISIN: XS0064205593


PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
15JUN00 TO 15SEP00 HAS BEEN FIXED AT 6.55609 PCT.

INTEREST PAYABLE VALUE 15SEP00 WILL AMOUNT TO
GBP 1,647.98  PER GBP 100,000 DENOMINATION.
-----------------------------------------------------------


IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 171 508 3855/3857 OR FAX: 44 171 508 3881.


RATE FIX DESK
CITIBANK N.A., LONDON

END
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