RNS Number:1605T
Stafford Funding Ld
27 October 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 26th
October 2000.

Inacordance with Condition 4(C) the underlying proceeds amounted to
USD1,669,056.76 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   752,000.00
Pursuant to condition 7 (a) II -  Instalment @ 3% on $20mm  =  USD   600,000.00
Pursuant to condition 6 (a) IV -  Excess Interest           =  USD   317,056.76

Outstanding Pool Factor    -    0.91% Principle Outstanding =  USD18,200,000.00 



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