Gracechurch Card Funding (No.10) PLC


                                 RATE FIX NOTICE
Issue Name:                      Gracechurch Card Funding (No.10) Plc
                                 EUR 68,000,000.00 Class C1 Floating Rate Asset-
                                  Backed Notes
ISIN Code:                       XS0232363209
Interest Rate:                                                          4.659000%
Base Rate:                                                              4.209000%
Interest Period:                 16-Jul-07 to 15-Oct-07
Day Count Method:                Actual/360
Number of Days in Period:                                                      91
Payment Date:                    15-Oct-2007
Denomination:                    Coupon:
-------------------------------  ------------------------------------------------
                      50,000.00  EUR                                       588.86



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