RNS No 5283e
GRACECHURCH MORTGAGE FINANCE NO 3 PLC
15 September 1999


Re: Gracechurch Mortgage Finance NO3 Class A C/C5172713

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

Pool Factor = 0.386988%

Rate = 5.66297%

Period 15th September 1999 to 15th December 1999

Days in Period = 91

Amounts Payable
100,000 = GBP 546.37

END

RC AVANKKVKKAAR


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