BW20030403002057  20030403T170422Z UTC


( BW)(AUBURN-SECS-3-PLC)(35EK) FRN Variable Rate Fix - Amendment 

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--April 3, 2003--

As Agent Bank, please be advised of the following rate determined on: 01-Apr-2003

Issue               : Auburn Securities 3 PLC - Class A1
                      GBP106,170,000 Mortgage Backed FRN due 1 Nov 2039
ISIN Number         : XSO157588053
Issue Nomin     GBP : 106,170,000.00
Period              : 01-Apr-2003 to 01-May-2003          Payment Date 01-May-2003
Number of Days      : 30
Rate                : *3.885*             Pool Factor: 0.731
Denomination    GB  : 7,310.00

Amount Payable 
per Denomination    : *23.34*

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

   Short Name: Auburn Secs 3 PLC
   Category Code: RC
   Sequence Number: 00003628
   Time of Receipt (offset from UTC): 20030403T180132+0100

    --30--ZW/uk* SM/uk

    CONTACT: Auburn Securities 3 PLC
 
    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Auburn Securities 3

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