FRN Variable Rate Fix

Barclays Bank PLC
                  
Issue:                      Barclays Bank PLC
                            GBP 25,000,000 Debt Issuance Programme
                            Series 123 Tranche 3
                            FRN due January 2008
ISIN Code:                  XS0179778229 (until 15 December 2003 then Funges with 
                            XS0152775564)

Interest Rate:              3.772500%
Base Rate:                  3.752500%
Interest Period:            16th October 2003 to 16 January 2004
Calculation Basis:          Actual 365 (or/366 if ends in a leap year)
Days in PerioD:             92
Interest Payment Date:      16th January 2004
Rate per GBP 10,000:        GBP 94.83