RNS No 93b
RENAULT CREDIT INTERNATIONAL SA
16th June 1998

RE:    RENAULT CREDIT INTERNATIONAL SA BANQUE
       DM 20,000,000
       DUE 18 JUNE 2003
       CC 8559627

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

WE WISH TO FORMALLY ADVISE YOU THAT THE RATE OF INTEREST FOR
THE PERIOD 18 JUNE 1998 TO 18 DECEMBER 1998 HAS BEEN FIXED
AT 3.7975 (THREE POINT SEVEN NINE SEVEN FIVE PER CENT).
THIS RATE WAS CALCULATED USING THE 3 MONTH DM LIBOR, 3.68750
PLUS A MARGIN OF 0.11 PER CENT.

THE INTEREST PAYABLE ON THE RELEVANT INTEREST PAYMENT DATE
18 DECEMBER 1998 AGAINST COUPON NUMBER 2 WILL BE DM 1,930.40
(ONE THOUSAND, NINE HUNDRED AND THIRTY DEUTSCH MARKS AND
FORTY PFENNINGS) PER 100,000 DENOMINATION.

THIS AMOUNT HAS BEEN COMPUTED ON THE NUMBER OF DAYS ELAPSED
(183) 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

RC ANONKWAKNAAR
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