RNS NO 8056E
SANWA BUSINESS CREDIT CORPORATION
1st July 1997


FROM     RATE FIXING

DATE     1 JULY 1997

RE      SANWA BUSINESS CREDIT CORPORATION
       USD 5,000,000
       DUE JULY 2002
       CC: 7802242
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WE CONFIRM THAT THE RATE OF INTEREST FOR THE PERIOD
3 JULY 1997 TO 3 OCTOBER 1997 HAS BEEN FIXED AT
6.00859 PCT (SIX SPOT ZERO ZERO EIGHT FIVE NINE PER CENT).

THE INTEREST PAYABLE ON THE RELEVANT INTEREST PAYMENT
DATE 3 OCTOBER 1997 AGAINST COUPON NO. 1 WILL BE
USD 1,535.53 (ONE THOUSAND, FIVE HUNDRED AND THIRTY FIVE
US DOLLARS AND FIFTY THREE CENTS) PER USD100,000
DENOMINATION.
THIS AMOUNT HAS BEEN COMPUTED ON THE ACTUAL NUMBER OF DAYS
ELAPSED (92) DIVIDED BY 360.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL:  44 171 500 0150/0146 OR FAX:  44 171 500 0483.

KIND REGARDS

RATE FIX DESK
CITIBANK, N.A., LONDON

END