55OJ Res.mort.7'a'4a

RNS Number:3433D
Residential Mortgage Secs No.7 PLC
9 May 2001

LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

As Agent Bank, please be advised of the following rate determined on: 
09-May-2001

Issue              :   Residential Mortgage Securities 7 PLC - Class A
                       Detachable Coupons Due 2038

ISIN Number        :   XS0102812024

Issue Nominal GBP  :   256,200,000.00
Period             :   11-May-2001 to 13-Aug-2001  Payment Date 13-Aug-2001
Number of Days     :   94
Rate               :   0.66959   Pool Factor    0.577538
Denomination GBP   :   37,381.09
Amount Payable
per Denomination   :   250.30

From:  Chase Manhattan Bank

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