RNS Number:3748M
Non Conforming Mortgages 1 PLC
16 June 2000


To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-JUN-00.

Issue:             NON CONFORMING MORTGAGES 1 PLC - CLASS B
                   #3,300,000 MORTGAGE BACKED FRN DUE 2037
                   
ISIN NO:           XS0096558241                
Issue Nominal GBP: 3,300,000.00
Period:            15/06/00    To   17/07/00     Payment Date 17/07/00
Number of Days:    32
Rate:              8.82906                      
Denomination GBP:  10,000.00
Amount Payable
Per Denomination:  77.19

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

END

RC UNSKRRORNARR


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