RNS No 7241m
BRITANNIA BUILDING SOCIETY


FROM:     1 JULY 1997

73) #50,000,000  FIXED RATE / FLOATING RATE NOTES DUE 1/7/2002

FULLY PAID
(REPRESENTED BY NOTES TO BEARER OF #100,000 EACH)

ISSUE PRICE         -         100%

ISSUER              -         J.P. MORGAN

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END