FRN Variable Rate Fix

Barclays Bank PLC
                  

                            RATE FIX NOTICE

Issue Name:                 Barclays Bank PLC 
                            Series 54, USD 550,000,000 Floating Rate
                            Subordinated Step-up Callable
                            Notes due 2009
ISIN Code:                  XS0095289467
Interest Rate:              1.600000%
Base Rate:                  1.150000%
Interest Period:            15-Oct-03 to 15-Jan-04
Day Count Method:           Actual/360
Number of Days in Period:   92
Payment Date:               15-Jan-04
Denomination:               Coupon:
----------------            ----------------
1,000.00                    USD 4.09
10,000.00                   USD 40.89
100,000.00                  USD 408.89