16NW Barclays.27

RNS No 7118u
OCWEN MORTGAGE LOANS 3 PLC

AMENDMENT

To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-JUL-1999.

Issue:  OCWEN MORTGAGE LOANS 3 PLC - CLASS S              
        #2,500,000 MORTGAGE BACKED FRN DUE MAY 2031

ISIN NO:                XS0098004848              
Issue Nominal GBP:      2,500,000.00
Period:                 15-JUL-1999    To   16-AUG-1999
Number of Days:         32
Rate:                   9.07625 PCT    Pool Factor:  0.898951248
Denomination GBP:       2,247,378.12
Amount Payable          
Per Denomination:       17.882.97

From:
Jane Slate                              Telephone  44 (0) 1202 34 1286
Capital Markets Fiduciary Services      Facsimile  44 (0) 1202 34 7939


END

RC BLGBRXUDCCCG

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