RNS Number:4889D
Residential Mortgage Secs No.7 PLC
11 May 2001

As Agent Bank, please be advised of the following rate determined on the
11-MAY-2001.

Issue             :  RESIDENTIAL MORTGAGE SECURITIES 7 PLC - CLASS B
                     #8,000,000 MORTGAGE BACKED FRN DUE 2038
ISIN NO           :  XS0102822177
Issue Nominal GBP :  8,000,000.00
Period            :  11-MAY-2001  To  13-AUG-2001    Payment Date  13-AUG-2001
Number of Days    :  94
Rate              :  9.66953
Denomination GBP  :  100,000.00
Amount Payable
Per Denomination  :  2,490.24


Issue             :  RESIDENTIAL MORTGAGE SECURITIES 7 PLC - CLASS M
                     #16,200,000 MORTGAGE BACKED FRN DUE 2038
ISIN NO           :  XS0102820981
Issue Nominal GBP :  16,200,000.00
Period            :  11-MAY-2001  To  13-AUG-2001    Payment Date  13-AUG-2001
Number of Days    :  94
Rate              :  6.46953
Denomination GBP  :  100,000.00
Amount Payable
Per Denomination  :  1,666.13


From:
Steven Coutts                  Telephone 44 (0) 1202 34 1286
Institutional Trust Services   Facsimile 44 (0) 1202 34 7438
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