Gracechurch Card Funding (No.10) PLC


                                 RATE FIX NOTICE
Issue Name:                      Gracechurch Card Funding (No.10) PLC
                                 GBP 15,000,000.00 Class B2 Floating Rate Asset-
                                  Backed Notes
                                 due 2012
ISIN Code:                       XS0232362656
Interest Rate:                   6.543130%
Base Rate:                       6.293130%
Interest Period:                 15-Oct-07 to 15-Jan-08
Day Count Method:                Actual/365 (or /366 if ends in leap year)
Number of Days in Period:        92
Payment Date:                    15-Jan-08

Denomination:                    Coupon:
-------------------------------  ------------------------------------------------
                      50,000.00  GBP                                       824.27



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