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

RNS No 1806u
RESIDENTIAL MORTGAGE SECURITIES 7 PLC
15 October 1999


Letter To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on 
14/10/99.

Issue: RESIDENTIAL MORTGAGE SECURITIES 7 PLC - CLASS M
       #16,200,000 MORTGAGE BACKED FRN DUE 2038

ISIN NO: XS0102820981               
Issue Nominal GBP: 16,200,000.00
Period:          14/10/99   To    11/02/2000    Payment Date  11-02-2000
Number of Days:  120    
Rate:            7.27763     
Denomination GBP: 100,000.00
Amount Payable          
Per Denomination:  2,390.41

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


END


RC AVSBKKNKRAAA

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