RNS No 9253a
MCAF INC
22nd May 1998

MITSUBISHI CHEMICAL CORPORATION, MCAF INC AND
MITSUBISHI CHEMICAL (UK) PLC
USD 3,000,000,000 PROGRAMME FOR THE ISSUANCE OF
DEBT INSTRUMENTS

MCAF INC SERIES 30 YEN1,000,000,000 DUE NOVEMBER
2001   XS0071616386

PLEASE BE ADVISED THAT WE HAVE TODAY SET THE RATE
ON THE ABOVE ISSUE AT 2.43359 PERCENT PER ANNUM
FOR THE INTEREST PERIOD FROM 27MAY98 TO 27NOV98.
INTEREST PAYABLE VALUE 27NOV98 WILL AMOUNT TO
YEN1,243,835 PER YEN100,000,000 NOTE.

FROM:
CHRISTINE MIRANDA
GLOBAL TRUST AND AGENCY SERVICES
0171 325 8818

END

RC NFKSAAELPEFN
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