FRN Var. Rate Fix-Replacement

British Telecommunications PLC
7 July 2000



The issuer has made the following amendment to the Variable Rate Fix
announcement released today at 13.04 under RNS No 5438N.

The second paragraph should read:

'The Interest payable value 05Oct00 will amount to:
EUR 117.58 per EUR 10,000 Denomination' and not as previously shown. 

All other details remain unchanged.

The full corrected version is shown below.

RE: BRITISH TELECOM PLC 
 EUR 300,000,000 SERIES 21 TRANCHE 1 EMTN
 DUE: 5 JULY 2001
              ISIN: XS0113637689


PLEASE BE ADVISED THAT THE INTEREST RATES FOR THE PERIOD 
05JUL00 TO 05OCT00 HAS BEEN FIXED AT 4.601 PCT PER ANNUM.

INTEREST PAYABLE VALUE 05OCT00 WILL AMOUNT TO: 
EUR 117.58 PER EUR 10,000 DENOMINATION.
---------------------------------------------------------------

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 
TEL:  [phone]/3855 OR FAX:  [phone].

KIND REGARDS

RATEFIX DESK
CITIBANK N.A., LONDON