FRN Variable Rate Fix

Barclays Bank PLC
                  

Issue Name:                 Barclays Bank Plc Series 127
                            USD 1,000,000,000 Floating Rate Subordinated Notes
                            Due 2013  
ISIN Code:                  XS0164254780                   
Interest Rate:              2.920000%
Base Rate:                  2.470000%
Interest Period:            13-Dec-04 to 11-Mar-05
Day Count Method:           Actual/360 
Number of Days in Period:   88
Payment Date:               11-Mar-05

Denomination:               Coupon:
------------------          ----------------------
        100,000.00           USD            713.78
         10,000.00           USD             71.38
          1,000.00           USD              7.14