RNS No 6118r
RENAULT CREDIT INTERNATIONAL SA 
27th April 1998


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 APRIL 1998 TO 29 JULY 1998 HAS BEEN FIXED AT
3.725 PCT (THREE POINT SEVEN TWO FIVE PER CENT).

THE RATE HAS BEEN CALCULATED USING THE 3 MONTH FRF LIBOR
3.62500 PLUS A MARGIN 0.10 PER CENT.

THE INTEREST PAYABLE ON THE RELEVANT INTEREST PAYMENT DATE
29 JULY 1998 AGAINST COUPON NUMBER 4 WILL BE FFR 9,415.97
(NINE THOUSAND, FOUR HUNDRED AND FIFTEEN FRANCS AND NINETY
SEVEN CENTIMES) PER 1,000,000 DENOMINATION.

THIS AMOUNT HAS BEEN COMPUTED ON THE NUMBER OF DAYS ELAPSED
(91) 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.

RATE FIX DESK
CITIBANK N.A. LONDON


END

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