RNS No 7356j
LEGAL AND GENERAL FINANCE PLC
30th June 1997


RE:     LEGAL AND GENERAL FINANCE PLC
        US.DOL 250,000,000 EMTN PROGRAMME
        THIS TRANCHE STLG 7,000,000
        MATURING 31 DECEMBER 1997
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THIS IS TO FORMALLY ADVISE YOU THAT THE RATE OF INTEREST
FOR THE PERIOD 30 JUNE 1997 TO 31 DECEMBER 1997 HAS BEEN
FIXED AT 10.375 PCT (TEN SPOT THREE SEVEN FIVE PER CENT).

THE RATE IS CACULATED USING THE FOLLOWING FORMULAE:

24.50  MINUS (2 X 6 MONTH STERLING LIBOR)
6 MONTH STERLING LIBOR IS 7.0625.
THE COUPON AMOUNT DUE FOR THIS PERIOD IS PDS.STLG 366,109.59
(THREE HUNDRED AND SIXTY SIX THOUSAND, ONE HUNDRED
AND NINE POUNDS AND FIFTY NINE PENCE) PER 7,000,000
DENOMINATION FOR THIS ISSUE.

THIS AMOUNT HAS BEEN COMPUTED ON THE ACTUAL NUMBER OF DAYS
ELAPSED (184) DIVIDED BY 365.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
44 71 500 01460150 OR FAX 44 171 500 0483.

FROM
RATE FIX DESK.
CITIBANK N.A., LONDON

END