RNS No 2940n
RENAULT CREDIT INTERNATIONAL SA
11th November 1997


RE:    RENAULT CREDIT INTERNATIONAL SA BANQUE
       DM 300,000,000
       DUE NOVEMBER 2000
       CC 8160023

WE WISH TO FORMALLY ADVISE YOU THAT THE RATE OF INTEREST FOR
THE PERIOD 13 NOVEMBER 1997 TO 13 FEBRUARY 1998 HAS BEEN FIXED
AT 3.76875 (THREE POINT SEVEN SIX EIGHT SEVEN FIVE PER CENT).

THIS RATE WAS CALCULATED USING THE 3 MONTH DM LIBOR, 3.71875,
PLUS A MARGIN OF 0.05 PER CENT.

THE INTEREST PAYABLE ON THE RELEVANT INTEREST PAYMENT DATE
13 FEBRUARY 1998 AGAINST COUPON NUMBER 1 WILL BE DM 96.31
(NINETY SIX MARKS AND THIRTY ONE PFENNINGS) PER 10,000
DENOMINATION.


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


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