FRN Variable Rate Fix

Barclays Bank PLC
                  

                            RATE FIX NOTICE

Issue Name:                 Barclays Bank PLC
                            USD 125,000,000 
                            Floating Rate Subordinated Step-up Callable Notes
ISIN Code:                  XS0129884945
Interest Rate:              1.570000%
Base Rate:                  1.120000%
Interest Period:            25-Feb-04 to 25-May-04
Day Count Method:           Actual/360
Number of Days in Period:   90
Payment Date:               25-May-04
Denomination:               Coupon:
   10,000.00                USD 39.25