FRN Variable Rate Fix

RNS Number:4164I
Residential Mortgage Secs No.7 PLC
13 August 2001


As Agent Bank, please be advised of the following rate determined on the
13-AUG-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            :  13-AUG-2001  To  12-NOV-2001    Payment Date  12-NOV-2001
Number of Days    :  91
Rate              :  9.38844
Denomination GBP  :  100,000.00
Amount Payable
Per Denomination  :  2,340.68

From:
Alison Clayton                 Telephone 44 (0) 1202 34 1286
Institutional Trust Services   Facsimile 44 (0) 1202 34 7438





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

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            :  13-AUG-2001  To  12-NOV-2001    Payment Date  12-NOV-2001
Number of Days    :  91
Rate              :  6.18844
Denomination GBP  :  100,000.00
Amount Payable
Per Denomination  :  1,542.87

From:
Alison Clayton                 Telephone 44 (0) 1202 34 1286
Institutional Trust Services   Facsimile 44 (0) 1202 34 7438

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