FCE Bank PLC

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

Issue               : FCE Bank PLC - Series 137
                      EUR75,000,000
ISIN Number         : XS0100175214
Issue Nomin     EUR : 75,000,000.00
Period              : 28-Oct-2003 to 28-Jan-2004       Payment Date 28-Jan-2004
Number of Days      : 92
Rate                : 2.326
Denomination    EU  : 75,000,000.00

Amount Payable 
per Denomination    : 445,816.67

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438