FRN Variable Rate Fix

Barclays Bank PLC
                  

Issue:                      Barclays Bank PLC
                            USD 125,000,000 
                            Floating Rate Subordinated Step-Up Callable Notes                  
ISIN Code:                  XS0129884945
Interest Rate:              1.620000%
Base Rate:                  1.170000%
Interest Period:            25-Nov-03 to 25-Feb-04
Days Count Method:          Actual/360
Number of Days in Period:   92
Payment Date:               25-Feb-04
Denomination:               Coupon:
----------------            ------------------

        10,000.00            USD           41.40