FRN Variable Rate Fix

RNS Number:2296X
Arran One Limited
13 June 2002


RE: ARRAN ONE LIMITED

CLASS A US$875,000,000 SERIES 00-B CLASS A ASSET BACKED FRNS 
CLASS B US$ 60,000,000 SERIES 00-B CLASS B ASSET BACKED FRNS 
CLASS C US$ 65,000,000 SERIES 00-B CLASS C ASSET BACKED FRNS

The interest rate for the period:
                17-Jun-02 to 16-Sep-02 
in respect of the above Class A, Class B and Class C Notes are outlined below:-

Note     Principal     Rate      Start Date  End Date     Days    Interest

CLASS A  $875,000,000  2.07688%  17-Jun-02   16-Sep-02      91    $4,593,654.72 
CLASS B  $ 60,000,000  2.27688%  17-Jun-02   16-Sep-02      91    $  345,326.80
CLASS C  $ 65,000,000  2.78688%  17-Jun-02   16-Sep-02      91    $  457,899.87


USD-LIBOR has been determined at 1.886880% 

The payment is scheduled for the 16-Sep-02 




RE: ARRAN ONE LIMITED

CLASS A US$525,000,000 SERIES 00-A CLASS A ASSET BACKED FRNS 
CLASS B US$ 36,000,000 SERIES 00-A CLASS B ASSET BACKED FRNS 
CLASS C US$ 39,000,000 SERIES 00-A CLASS C ASSET BACKED FRNS

The interest rate for the period:
                17-Jun-02 to 16-Sep-02 
in respect of the above Class A, Class B and Class C Notes are outlined below:-

Note     Principal     Rate      Start Date  End Date     Days    Interest   
       
CLASS A  $525,000,000  2.02688%  17-Jun-02   16-Sep-02      91    $2,689,838.67
CLASS B  $ 36,000,000  2.22688%  17-Jun-02   16-Sep-02      91    $  202,646.08
CLASS C  $ 39,000,000  2.73688%  17-Jun-02   16-Sep-02      91    $  269,810.75


USD-LIBOR has been determined at 1.886880% 

The payment is scheduled for the 16-Sep-02 




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