FRN Variable Rate Fix

Barclays Bank PLC
                  

Issue Name:                 Barclays Bank plc Series 127    
                            US$ 1,000,000,000 Floating Rate
                            Subordinated Notes Due 2013
ISIN Code:                  XS0164254780 
Interest Rate:              1.620000%
3 Month GBP LIBOR           1.170000%
Interest Period:            11-Dec-03 to 11-Mar-04
Calculation Basis:          Actual 360          
Number of Days in Period    91
Payment Date:               11-Mar-2004          

Denomination                Coupon
  100,000.00                USD         409.50
   10,000.00                USD         40.95
    1,000.00                USD         4.10