RNS No 2789h
TMCP PIMBS PLC
29th August 1997


TO:   COMPANY ANNOUNCEMENTS OFFICE

TMCP PIMBS PLC GBP 250,000,000 FLOATING RATE
NOTES DUE AUGUST 2030 TRANCHE 1
GB0008693755

PLEASE BE ADVISED THAT WE HAVE TODAY SET RATE ON
THE ABOVE ISSUE AT 7.4925 PCT INCLUSIVE OF
0.18 PCT MARGIN FOR THE PERIOD 29AUG97 TO 28NOV97
INTEREST PAYABLE ON 28NOV97 WILL AMOUNT TO
GBP 186.80 PER GBP 10,000.00 DENOMINATION.

FROM:
PAUL YARDE
GLOBAL TRUST AND AGENCY SERVICES
0171 325 8777


END
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