30ID Ang.w.s.f.3.666

RNS No 6917a
RENAULT CREDIT INTERNATIONAL SA BANQUE
27th October 1997

TO COMPANY ANNOUNCEMENTS OFFICE

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

--------------------------------------------------------------

WE WISH TO FORMALLY ADVISE YOU THAT THE RATE OF INTEREST FOR
THE PERIOD 29 OCTOBER 1997 TO 29 JANUARY 1998 HAS BEEN FIXED AT
3.75625 (THREE POINT SEVEN FIVE SIX TWO FIVE PER CENT).

THE INTEREST PAYABLE ON THE RELEVANT INTEREST PAYMENT DATE
29 JANUARY 1998 AGAINST COUPON NUMBER 2 WILL BE FFR 9,599.31
(NINE THOUSAND, FIVE HUNDRED AND NINETY NINE FRANCS AND THIRTY
ONE 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


RC ABSWKBRKRUAA

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