Barclays Bank PLC - Property Index Certificates

RNS No 1627k
BARCLAYS BANK PLC
27th March 1998

                    BARCLAYS PROPERTY INDEX CERTIFICATES
                             LISTED ISSUE - 1997
                                   "PICs"
                     Payment of Final Redemption Amount

Final Redemption Payment

Following the payment of the Initial Redemption Amount of #97.07 per #100
nominal on 16th February 1998, the Final Redemption Amount of #13.04 per #100
nominal will be paid on 15th April 1998.

This is based on the IPD Annual Capital Growth Index
(1) for December 1997 of 169.18833

Notes

1.   The index referred to as the IPD "Annual Index" is the Investment
Property Databank All Property (Standing Investments excluding Active
Management) Annual Total Return Index.  The IPD Annual Capital Growth Index
is a component of the Annual Index and both are calculated by IPD from
information held in its annual database which at 31st December 1997 contained
information relating to individual properties having an aggregate value of
approximately #65.4 billion.

2.   The Initial Redemption Amount on the 1997 PICs was paid on 16th February
1998 and per Clause 3b of the Listing Particulars, no transfer may be
effected on or after that date.

Investment Property Databank Limited ("IPD") will not be liable to any holder
of Barclays Property Index Certificates for any loss or damage as a result of
any error in any of the above mentioned indices.  This information has been
prepared by IPD. Whilst it is deemed to be reliable, neither Barclays Bank
PLC nor Barclays Global Investors Limited represents that such information is
accurate or complete and it should not be relied upon as such.  The prices of
investments which trade in limited markets may go up or down.  No part of
this publication may be reproduced in any manner without the written
permission of Barclays Global Investors Limited.

Seal House, 1 Swan Lane              Barclays Global Investors Limited
London EC4R 3UD                      Registered in London England,
Telephone: [phone]             No. 796793
Fax: [phone]                   Registered Office: 54 Lombard
Contact: Iain A Reid FRICS           Street, London EC3P 3AH
or Andrew P R Thomson ARICS          This publication has been
                                     approved by Barclays Global
27 March 1998                        Investors Limited regulated by IMRO
                                     (c) 1998 Barclays Global Investors
                                     Limited
                                     All rights reserved.
                                      

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