RNS Number:9713J
Stafford Funding Ld
3 May 2000


RE: STAFFORD FUNDING 8% COMBINATION NOTES USD20,000,000 DUE 28 APRIL 2011
    ISIN XS0096722490

In our capacity as Issuing and Paying Agent, please be advised that the
following payment is due on the above issue for payment to Noteholder on
4 May 2000.

In accordance with Condition 4(C) the underlying proceeds amounted to
USD1,537,703.45 and are to be applied in the following manner:

       STAFFORD FUNDING 8% COMBINATION NOTES

Pursuant to condition 6 (a) I  - Interest @ 8% 184/360       = USD 776,000.00
Pursuant to condition 7 (a) II - Instalment @ 3% on $20mm    = USD 600,000.00
Pursuant to condition 6 (a) IV - Excess Interest             = USD 161,703.45

Outstanding Pool Factor        - 0.94% Principle Outstanding = USD18,800,000.00

END

MSCEASSDELNEEFE


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