Prospectus excerpt:  National Westminster Bank plc, non-cumulative preference shares, Series C, liquidation preference US$25 per share, each carry a dividend of 7.76304% ($1.94076) per annum. They are redeemable at the option of NatWest from 9 April 2002 to 8 April 2007 inclusive, at a premium per share of US$1.50 in 2002 reducing by US$0.30 in each successive year. There is no redemption premium if the date of redemption falls after 8 April 2007. Dividends paid by these preference shares are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders. National Westminster Bank plc is now a subsidiary of The Royal Bank of Scotland Group plc. The previously noted foreign dividend tax credit for this security has ended and is no longer applicable which changed the displayed dividend rate for this preferred. The preferred now actually pays a dividend of US$0.48519 per quarter or $1.94076 annually which calculates out as a 7.76304% annual dividend.