Preliminary Results - Replace

Law Debenture Corp PLC
1 March 2001


The issuer has made the following amendment to the Preliminary Results
announcement released on 28 February 2001 at 07:30 under RNS No 6100Z.

The date which the dividend warrants will be posted should read 10 April 2001,
and not 11 April 2001 as previously stated.

All other details remain unchanged.

The full corrected version is shown below.
-------------------------------------------------------------------

PRELIMINARY ANNOUNCEMENT OF RESULTS
FOR THE YEAR TO 31 DECEMBER 2000 (unaudited)

The directors recommend a final dividend of 21.0p on the ordinary shares for the
year to 31 December 2000; this, together with the interim dividend of 13.0p paid
in September 2000, makes a total of 34.0p (1999: 33.0p) for the year, an
increase of 3.0% compared with 1999.

Consolidated Statement of Total Return (incorporating the revenue account)


                                   2000                         1999

                       Revenue  Capital   Total        Revenue  Capital  Total
                        £'000   £'000     £'000         £'000   £'000    £'000
                       ______   ______   ______        ______   ______   ______
Total capital gains 
from investments           -     5,921    5,921             -   36,396   36,396
Income from investments
and deposits            10,728     -     10,728          9,673      -     9,673
Trustee and other fee
income                  10,422     -     10,422          9,120      -     9,120
Underwriting commission
and other income            60     -         60             33      -        33
                        ______  _______  _______        ______   _____  _______

Gross revenue and 
capital gains           21,210   5,921   27,131         18,826  36,396   55,222
Administrative expenses (8,527)    -     (8,527)        (7,521)    -     (7,521)
                        _____   ______   ______        ______   ______  _______
Return, including profit
on ordinary activities
before interest payable
and taxation            12,683   5,921   18,604         11,305  36,396   47,701
Interest payable        (2,501)    -     (2,501)          (793)    -       (793)
                         _____   ______   ______        ______  ______  _______
Return, including profit
on ordinary activities
before taxation         10,182   5,921   16,103         10,512  36,396   46,908
Taxation                (1,027)    -     (1,027)        (1,512)    -     (1,512)
                         _____   ______  ______         ______  ______  _______
Return, including profit
on ordinary activities
after taxation           9,155   5,921   15,076          9,000  36,396   45,396
Dividends on 
preference shares          -       -        -              (17)     -       (17)
                         _____   ______  ______         ______   ______  _______
Return, including profit
attributable to ordinary
shareholders             9,155   5,921   15,076          8,983  36,396   45,379
Dividends on ordinary
Shares                  (7,931)    -     (7,931)        (7,701)     -    (7,701)
                         _____  ______   ______         ______  ______  _______
Transfer to reserves     1,224   5,921    7,145          1,282  36,396   37,678
                        _____   ______   ______        ______   ______  _______
Return per ordinary
share (pence)            39.25   25.39    64.64          38.50   156.01  194.51

Diluted return per
ordinary share (pence)   38.45   25.01    63.46          37.65   153.46  191.11


Net Asset Value

Based on the group balance sheet as at 31 December 2000 and valuing listed
investments at middle market prices and unlisted investments at directors'
valuations, the net asset value of each share was 1,262.9p (1999: 1,232.4p) an
increase of 2.5%.  This compares with a decline in the FTSE Actuaries All Share
Index of 8.0%.


Dividends

                                          2000                 1999
                                          £000                 £000

Interim of 13.0p (1999: 12.5p)            3,032                2,917
Proposed final of 21.0p (1999: 20.5p)     4,899                4,784
                                          _____                _____
             Total 34.0p (1999: 33.0p)    7,931                7,701


Geographical distribution of the portfolio

                                          2000                  1999
                                            %                     %

UK                                        65.6                  64.6
N. America                                 9.8                   8.5
Europe                                    17.6                  17.1
Japan                                      3.2                   5.5
Other Pacific                              3.8                   4.3
                                         _____                 _____
                                         100.0                 100.0

Prospects

We remain committed to maintaining a quality portfolio that will add value in
the long term, utilising specialist regional investment management expertise.

The trustee services business again produced record income, profits and new
business and continues to widen the scope of its activities.  Our larger
premises will enable growing amounts of new business to be serviced efficiently.
 
We have confidence in the high quality of our professional independent trustee
services and believe that the demand for them will continue to grow.

Subject to the recommended final dividend of 21.0p per share being approved at
the Annual General Meeting to be held at the Brewer's Hall, Aldermanbury Square,
London EC2V 7HR on Tuesday 3 April 2001, dividend warrants will be posted on 10
April 2001 to holders on the register on the record date of 9 March 2001.



By order of the board                                        28 February 2001


Law Debenture Corporate Services
Secretary