FRN Variable Rate Fix

RNS Number:5290C
Originated Mortgage Loans 1 PLC
15 October 2002

As Agent Bank, please be advised of the following rate determined on: 
15-OCT-2002.

Issue             :  ORIGINATED MORTGAGE LOANS 1 PLC - CLASS B
                     #10,000,000 MORTGAGE BACKED FRN DUE 2029
ISIN Number       :  XS0088533988
Issue Nominal GBP :  10,000,000.00
Period            :  15-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  5.73492                     
Denomination GB   :  10,000,000.00
Amount Payable
Per Denomination  :  48,707.54

Issue             :  ORIGINATED MORTGAGE LOANS 1 PLC - CLASS M2
                     #11,000,000 MORTGAGE BACKED FRN DUE 2029
ISIN Number       :  XS0088533632
Issue Nominal GBP :  11,000,000.00
Period            :  15-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  4.88492                     
Denomination GB   :  11,000,000.00
Amount Payable
Per Denomination  :  45,637.20


Issue             :  ORIGINATED MORTGAGE LOANS 1 PLC - CLASS M1
                     #20,000,000 MORTGAGE BACKED FRN DUE 2029
ISIN Number       :  XS0088533475
Issue Nominal GBP :  20,000,000.00
Period            :  15-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  4.43492                      Pool Factor: 0.723781
Denomination GB   :  14,475,625.21
Amount Payable
Per Denomination  :  54,524.53



From:
Institutional    Telephone [phone]
Trust Services   Facsimile 44 (0) 1202 34 7438




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