FRN Variable Rate Fix

Barclays Bank PLC
                  

Issue Name:                 Barclays Bank Plc £15,000,000 Debt Issuance
                            Programme GBP 125,000,000 FRN due April 2006 Series
                            131 Tranche No 1                            
ISIN Code:                  XS0167222867                           
Interest Rate:              4.89750%
3 Month Libor Rate:         4.89750%
Interest Period:            25-Oct-04 to 25-Jan-05

Period 1:                   25-Oct 2004 to 1st January 2005
Calculation Basis:          A/366
Days in Period:             68
Rate per GBP 100,000:       909.92

Period 2:                   1st January 2005 to 25th January 2005
Calculation Basis:          A/365
Days in Period:             24
Rate per GBP 100,000:       322.03


Interest Payment Date:      25-Jan-04
Total Rate per GBP
100,000.00                  1,231.95