FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on:24-Dec-2003

Issue               : FCE Bank Plc - Series 126
                      Eur10,000,000 FRN (MTN) Due 30/03/2006
ISIN Number         : XS0096004774
Issue Nomin     EUR : 10,000,000.00
Period              : 30-Dec-2003 to 30-Mar-2004      Payment Date 30-Mar-2004
Number of Days      : 91
Rate                : 2.342
Denomination    EU  : 10,000,000.00       

Amount Payable 
per Denomination    : 59,200.56             

Institutional       Telephone   44(0) 1202 34 1286

TrEUt Services      Facsimile   44(0) 1202 34 7438