97NP Non C.m.1 A Frn

RNS No 2422k
NON CONFORMING MORTGAGES 1 PLC
3 June 1999


AMENDMENT

To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
17/05/99.

Issue:                  NON CONFORMING MORTGAGES 1 PLC - CLASS A
                        MORTGAGE BACKED FRN DETACHABLE COUPONS

ISIN NO:                XS0096552715                Payment Date  15/06/1999
Issue Nominal GBP:      56,400,000.00      
Period:                 17/05/99       To    15/06/99
Number of Days:         29
Rate:                   0.15890410958   Pool Factor: 0.9933
Denomination GBP:       9,933.00
Amount Payable          
Per Denomination:       15.78

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


END

RC NFNKDESSNEEN

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