54NV Dp World 30 U

RNS Number:3434W
Naples (Province of)
23 May 2002


As Agent Bank, please be advised of the following rate determined on: 
23-May-2002.

Issue             :       Province Of Naples - Series 1
                          EUR33,714,000 (MTN) FRN Due 27/5/2014
ISIN Number       :       XS0097828189
Issue Nominal EUR :       33,714,000.00
Period            :  27-May-2002  To  27-Nov-2002    Payment Date  27-Nov-2002
Number of Days    :       184
Rate              :       3.839         Pool Factor:    0.80002
Denomination EU   :       800.02
Amount Payable            
Per Denomination  :       15.70

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



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