RNS No 3872f
NICHIMEN EUROPE PLC
23rd September 1998


RE:      NICHIMEN EUROPE PLC
         JPY500,000,000

 SERIES NO:60
 DUE 25 MARCH 2002
 COMMON CODE: 7494882

---------------------------------------------------------
WE WISH TO FORMALLY ADVISE YOU THAT THE RATE OF INTEREST
FOR THE PERIOD 25 SEPTEMBER 1998 TO 25 MARCH 1999 HAS
BEEN FIXED AT 0.75313 PCT (ZERO SPOT SEVEN FIVE THREE ONE
THREE PER CENT).

THE INTEREST PAYABLE ON THE RELEVANT INTEREST PAYMENT
DATE 25 MARCH 1999 AGAINST COUPON NO 4, WILL BE
JPY 378,657 (THREE HUNDRED AND SEVENTY EIGHT THOUSAND, SIX
HUNDRED AND FIFTY SEVEN YEN) PER 100,000,000 DENOMINATION.

THE RATE HAS BEEN CALCULATED BY TAKING THE 6 MONTH YEN LIBOR,
0.45313, AND A MARGIN OF 0.30 PER CENT.

THIS AMOUNT HAS BEEN COMPUTED ON THE ACTUAL NUMBER OF DAYS
ELAPSED (181) DIVIDED BY 360.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 171 508 3855 / 3857 OR FAX:  44 171 508 3881.

ISSUER SERVICES
CITIBANK N.A. LONDON

END

RC LJMABLLITBPP


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