FRN Variable Rate Fix

Barclays Bank PLC
                  

                           RATE FIX NOTICE

Issue Name:                Barclays Bank Plc £15,000,000 Debt Issuance Programme
                           GBP 125,000,000 FRN Due April 2006 Series 131 Tranche
                           No 1
ISIN Code:                 XS0167222867
Interest Rate:             3.92125%
3 Month Libor Rate:        3.92125%
Interest Period:           27-Oct-03 to 26-Jan-04

Period 1:                  27-Oct-03 to 01-Jan-04
Calculation Basis:         A/365
Days in Period:            66
Rate per GBP 100,000:      709.05

Period 2:                  01-Jan-04 to 26-Jan-04
Calculation Basis:         A/366
Days in Period:            25
Rate per GBP 100,000:      267.84

Interest Payment Date:     26-Jan-04
Total Rate per GBP
100,000:                   976.89