RNS Number:8441C
Naples (Province of)
30 April 2001


AMENDMENT

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
23-Nov-2000.

Issue             :  Province of Naples - Series 1
                     EUR33,714,000 (MTN) FRN Due 27/5/2014
ISIN NO           :  XS0097828189
Issue Nominal EUR :  33,714,000.00
Period            :  27-Nov-2000  To  29-May-2001    Payment Date  29-May-2001
Number of Days    :  183
Rate              :  5.293
Denomination EUR  :  900.01
Amount Payable
Per Denomination  :  24.22

From:
Steven Coutts                        Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7438



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