RNS No 5282d
GRACECHURCH MORTGAGE FINANCE NO3 PLC
15 September 1999


Re: Gracechurch Mortgage Finance NO3 Class B C/C 5172730

Please be advised that the rate for the above mentioned issue has been fixed as
detailed below.

Rate = 6.51297%

Period 15th September 1999 to 15th December 1999

Days in Period = 91

Amounts Payable
100,000 = GBP 1623.78

END

RC AVANKKNKKAAR


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