RNS No 1977t
RENAULT CREDIT INTERNATIONAL SA
27TH JANUARY 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 JANUARY 1998 TO 29 APRIL 1998 HAS BEEN FIXED AT
3.69375 PCT (THREE POINT SIX NINE THREE SEVEN FIVE PER CENT).

THE RATE HAS BEEN CALCULATED USING THE 3 MONTH FRF LIBOR
3.59375 PLUS A MARGIN 0.10 PER CENT.

THE INTEREST PAYABLE ON THE RELEVANT INTEREST PAYMENT DATE
29 APRIL 1998 AGAINST COUPON NUMBER 3 WILL BE FFR 9,234.38
(NINE THOUSAND, TWO HUNDRED AND THIRTY FOUR FRANCS AND THIRTY
EIGHT CENTIMES) PER 1,000,000 DENOMINATION.

THIS AMOUNT HAS BEEN COMPUTED ON THE NUMBER OF DAYS ELAPSED
(90) 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 ABAOKWNKAUAR
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