RNS Number:7082S
Mortgages No 1 PLC
18 October 2000

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
12/Oct/2000.

Issue:               Mortgages No 1 plc - Class A detachable coupons
                     #154,000,000 Mortgage Backed FRN due April 2033
ISIN NO:             XS0111094442            
Issue Nominal GBP:   154,000,000.00
Period:              12/Oct/2000 To 12/Jan/2001     Payment Date 12-Oct-2000
Number of Days:      92
Rate:                0.50289692341                    Pool Factor: 0.8095     
Denomination GBP:    8,095.00          100,000.00
Amount Payable
Per Denomination:    40.71 

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


Mortgage 1 A (LSE:95PB)
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