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Royal Bk.of Scot. (81NQ)

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Friday 06 July, 2001

Royal Bk.of Scot.

FRN Variable Rate Fix-Amendmt

Royal Bank of Scotland PLC
6 July 2001


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

Issue             :   THE ROYAL BANK OF SCOTLAND - SERIES 153 
                      USD10,700,000 (MTN) FRN DUE 18/01/05
ISIN NO           :   XS0121978968
Issue Nominal USD :   10,700,000.00
Period            :   17-APR-2001  To  16-JUL-2001    Payment Date  16-JUL-2001
Number of Days    :   90
Rate              :   4.73
Denomination USD  :   1,000.00
Amount Payable
Per Denomination  :   11.83

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