54NV Dp World 30 U

RNS Number:6288U
Naples (Province of)
23 November 2000


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
                   EUR 33,714,000 (MTN) FRN Due 27/5/2014

ISIN NO:           XS0097828189               
Issue Nominal EUR: 33,714,000.00
Period:            27-Nov-2000   To  28-May-2001    Payment Date  28-May-2001
Number of Days:    182
Rate:              5.293         Pool Factor:  0.90001                       
Denomination EUR:  900.01
Amount Payable
Per Denomination:  24.08

From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7945

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