RNS Number:5572D
Residential Mortgage Secs No.7 PLC
14 May 2001


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

Issue             :  Residential Mortgage Securities 7 PLC - Class M 
                     #16,200,000 Mortgage Backed FRN Due 2038
ISIN Number       :  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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