RNS No 7359n
ACRES (NO 2) PLC
30th June 1997


RE.  ACRES(NO 2) PLC GBP 5750000 CLASS M2
COMMERCIAL BACKED FRN DUE 2007

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ISIN NO.  XS0067467307

WE HEREBY INFORM YOU THAT FOR THE INTEREST PERIOD
30/6/97            TO  29/9/97
THE NOTES WILL BEAR INTEREST AT A RATE OF 7.75234
PER CENT PER ANNUM WITH A COUPON AMOUNT OF 193.28
PER GBP 10000 NOTE PAYABLE ON 29/9/97



END