30ID Ang.w.s.f.3.666

RNS No 9385d
RENAULT CREDIT INTERNATIONAL SA BANQUE
25TH JULY 1997

RE:    RENAULT CREDIT INTERNATIONAL SA BANQUE
       FRF 150,000,000
       SERIES 5, TRANCHE 1
       DUE 29 JULY 2002
       CC 787531

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WE WISH TO FORMALLY ADVISE YOU THAT THE RATE OF INTEREST FOR
THE PERIOD 29 JULY 1997 TO 29 OCTOBER 1997 HAS BEEN FIXED AT
3.475 (THREE POINT FOUR SEVEN FIVE PER CENT).

THE INTEREST PAYABLE ON THE RELEVANT INTEREST PAYMENT DATE
29 OCTOBER 1997 AGAINST COUPON NUMBER 1 WILL BE FFR 8,880.56
(EIGHT THOUSAND, EIGHT HUNDRED AND EIGHTY FRANCS AND FIFTY
SIX CENTIMES) PER 1,000,000 DENOMINATION.

THIS AMOUNT HAS BEEN COMPUTED ON THE NUMBER OF DAYS ELAPSED
(92) DIVIDED BY 360.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL:  44 171 500 0150/0146 OR 44 171 500 0483.
KIND REGARDS

RATE FIX DESK
CITIBANK N.A. LONDON

END

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