Document:

EXHIBIT 4.10

                             DEFINITIVE CERTIFICATE

                        [ON THE FACE OF THE CERTIFICATE:]

Series Number:[     ]                                       Serial Number: [   ]
(pound)[Denomination]

                             BARCLAYCARD FUNDING PLC

   (a public limited company incorporated under the laws of England and Wales)

       BARCLAYCARD ASSET BACKED MEDIUM TERM NOTE AND CERTIFICATE PROGRAMME

                 (POUND)[AGGREGATE PRINCIPAL AMOUNT OF TRANCHE]

                 FLOATING RATE ASSET BACKED CERTIFICATE DUE [O]

BARCLAYCARD FUNDING PLC (the "ISSUER") for value received promises, all in
accordance with the terms and conditions endorsed hereon (the "TERMS AND
CONDITIONS") and the Trust Deed prepared in relation to the Certificates to pay
to the bearer upon presentation or, as the case may be, surrender hereof on the
maturity date specified in the Terms and Conditions or on such earlier date as
the same may become payable in accordance therewith the Principal Amount on such
dates as may be specified in the Terms and Conditions or if this Certificate
shall become due and payable on any other date, the Principal Amount and to pay
interest and all other amounts as may be payable pursuant to the Terms and
Conditions, all subject to and in accordance therewith.

Words and expressions defined in the Terms and Conditions shall have the same
meanings when used on the face of this Certificate.

Neither this Certificate nor any of the interest coupons or talons appertaining
hereto shall be valid for any purpose until this Certificate has been
authenticated for and on behalf of the Issue Agent.

This Certificate is governed by, and shall be construed in accordance with,
English law.

AS WITNESS the manual or facsimile signature of a director, duly authorised
officer or duly authorised attorney on behalf of the Issuer.

BARCLAYCARD FUNDING PLC

By: [manual/facsimile signature]

(director)

                                      -1-

<PAGE>

ISSUED in London as of [_]

AUTHENTICATED for and on behalf of

THE BANK OF NEW YORK as Issue Agent

without recourse, warranty or liability

By: [manual signature]

(duly authorised)

                                      -2-EXHIBIT 4.11

C L I F F O R D                                    LIMITED LIABILITY PARTNERSHIP
C H A N C E

                             BARCLAYCARD FUNDING PLC
                                    as Issuer

                     GRACECHURCH RECEIVABLES TRUSTEE LIMITED
                             as Receivables Trustee

                              THE BANK OF NEW YORK
                                   as Trustee

                                BARCLAYS BANK PLC
                              as Initial Transferor

                                       and

                                BARCLAYS BANK PLC
                               as MTN Cash Manager

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                           SERIES 02-1 MTN SUPPLEMENT
                                Dated [___] 2002

                                       To

              SECURITY TRUST DEED AND MTN CASH MANAGEMENT AGREEMENT
                                Dated [___] 2002

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<PAGE>

                                    CONTENTS

CLAUSE                                                                      PAGE

1.  Defined Terms.............................................................2

2.  General...................................................................2

3.  [Categories Of] Noteholders...............................................4

4.  Series 02-1 MTN Supplement To Security Trust..............................4

5.  Agreement Of The Secured Creditors And Trustee............................9

6.  Negative Covenants Of The Issuer..........................................9

7.  Governing Law And Jurisdiction...........................................11

8.  Notices..................................................................11

9.  Severability Of Provisions...............................................12

10. No Waiver; Cumulative Remedies...........................................12

11. Counterparts.............................................................13

THE SCHEDULE Part 1 - Section A: Definitions.................................14

Part 2 - Cash Management Compensation........................................17

Part 3 - Supplements To Clauses 6.1 To 6.3...................................18

12. Establishment And Maintenance Of Ledgers.................................18

13. Application Of Monies Pre-Enforcement....................................19

14. Application Of Monies Post-Enforcement...................................21

EXHIBIT A....................................................................23

EXHIBIT B....................................................................40

<PAGE>

THIS SERIES 02-1 MTN SUPPLEMENT, is made on the [___] day of [___] 2002 as a
Deed

BY AND BETWEEN:

(1)   BARCLAYCARD FUNDING PLC, a company incorporated in England with registered
      number 2530163, having its registered office at 54 Lombard Street London
      EC3P 3AH (the "ISSUER");

(2)   GRACECHURCH RECEIVABLES TRUSTEE LIMITED, a company incorporated in Jersey
      with registered number 75210, having its registered office at 26 New
      Street, St. Helier, Jersey JE2 3RA (the "RECEIVABLES TRUSTEE");

(3)   BARCLAYS BANK PLC, a company incorporated in England, acting through its
      business unit, Barclaycard, whose principal place of business is at 1234
      Pavilion Drive, Northampton, NN4 7SG (the "INITIAL TRANSFEROR");

(4)   BARCLAYS BANK PLC, a company incorporated in England having its registered
      office at 54 Lombard Street, London EC3P 3AH (the "MTN CASH MANAGER"); and

(5)   THE BANK OF NEW YORK, a banking institution incorporated under the laws of
      New York and acting thorough its London Branch whose principal place of
      business is at One Canada Square, Canary Wharf, London E14, 5AL, in its
      capacity as trustee (the "TRUSTEE" which term shall include wherever the
      context so admits, such company and all or any other persons or companies
      for the time being acting as the Trustee of this Deed for any series).

WHEREAS

(A)   The Issuer has established a programme for the issuance of medium term
      Notes, pursuant to the terms of the Security Trust Deed and MTN Cash
      Management Agreement.

(B)   The Issuer now intends to issue a Series of Notes in accordance with
      Clauses 2.1 to 2.3 of the Security Trust Deed and MTN Cash Management
      Agreement, in the manner and in the amount set out herein.

(C)   The Trustee, the Issuer, the MTN Cash Manager and the Transferor intend to
      supplement and vary the Security Trust Deed and MTN Cash Management
      Agreement in the manner and to the extent set out herein.

(D)   It is intended by the parties hereto that, following the completion of the
      transactions contemplated by this Series 02-1 MTN Supplement, each
      Noteholder will become a Secured Creditor of the Security Trust in respect
      of the Secured Property, as supplemented and varied in accordance with the
      provisions hereof and that each such Note held by a Noteholder will
      constitute or form part of a Series for the purposes of the Security Trust
      Deed and MTN Cash Management Agreement; such Series to be referred to as
      "SERIES 02-1".

                                      -1-
<PAGE>

NOW IT IS HEREBY AGREED as follows:

                                     PART 1

                                 INTERPRETATION

1.    DEFINED TERMS

      Terms defined in the MTN Master Definitions Schedule dated 23 November
      1999 as amended and restated on [___] 2002 between the Trustee, the
      Receivables Trustee, the MTN Cash Manager, the Initial Transferor and the
      Issuer (as the same may be amended, varied or supplemented from time to
      time (the "MTN MASTER DEFINITIONS SCHEDULE")) and in the Schedule
      (including, without limitation, the Conditions of the Notes) shall have
      the same meanings when used in this Series 02-1 MTN Supplement and the
      recitals hereto unless the context requires otherwise PROVIDED, HOWEVER,
      that in the event that any term or provision contained in the Schedule
      attached hereto shall conflict with or be inconsistent with any provision
      contained in the Security Trust Deed and MTN Cash Management Agreement or
      the terms of the MTN Master Definition Schedule, the terms and provisions
      contained in the Schedule shall prevail with respect to Series 02-1 only.

2.    GENERAL

2.1   The headings and the contents pages in this Series 02-1 MTN Supplement
      shall not affect its interpretation.

2.2   Words denoting the singular number only shall include the plural number
      also and vice versa; words denoting one gender only shall include the
      other gender.

2.3   References to Clauses, paragraphs, Exhibits, and Schedules shall, unless
      the context requires otherwise, be to clauses, paragraphs, exhibits and
      schedules in this Series 02-1 MTN Supplement.

2.4   Save where the contrary is indicated, any reference in this Series 02-1
      MTN Supplement to:

      (a)   this Series 02-1 MTN Supplement or any other agreement or document
            shall be construed as a reference to this Series 02-1 MTN
            Supplement, or as the case may be, such other agreement or document
            as the same may have been, or may from time to time be, amended,
            varied, novated or supplemented;

      (b)   an enactment is a reference to it as already amended and includes a
            reference to any repealed enactment which it may re-enact, with or
            without amendment, and to any re-enactment and/or amendment of it;
            and

      (c)   a time of day (including opening and closing of business) shall be
            construed as a reference to London time.

                                      -2-
<PAGE>

2.5   Costs, charges, expenses or remuneration shall be deemed to include
      references to VAT except where the context otherwise requires.

2.6   References to the parties hereto shall be construed so as to include its
      and any subsequent successors and permitted assigns in accordance with
      their respective interests.

2.7   The Schedule forms part of this Supplement and the Security Trust Deed and
      MTN Cash Management Agreement and each of them shall be construed
      accordingly.

                                      -3-
<PAGE>

                                     PART 2

                        EFFECT OF SERIES 02-1 SUPPLEMENT

3.    [CATEGORIES OF] NOTEHOLDERS

3.1   Upon (i) the making of the advance and the payment referred to in Clause
      3.2 and (ii) the issue of a duly executed and authenticated Series 02-1
      Temporary Global Note the Noteholder shall be treated for all purposes
      under the Security Trust Deed and MTN Cash Management Agreement, as
      supplemented by this Series 02-1 MTN Supplement, as a Noteholder in
      respect of Series 02-1 and a Secured Creditor of the Security Trust over
      the Secured Property on the Issue Date in accordance with Clauses 4.1 to
      4.3 of the Security Trust Deed and MTN Cash Management Agreement, and as
      such shall be beneficially entitled to a security interest in such Secured
      Property to the extent of the Principal Amount together with interest and
      any other amounts in respect of the Notes.

3.2   In order for the issue and due authentication and delivery of each Note
      referred to in Clause 3.1 to be effected, the Noteholder shall make an
      advance in an amount of (pound)[___] made to the Issuer by depositing such
      amount in the Series 02-1 MTN Issuer Account for value on the Closing
      Date. From time to time, on each Interest Payment Date, the Noteholder
      shall pay to the Issuer the Deferred Subscription Price Amount, to the
      extent that such amount is available.

3.3   The Temporary Global Note representing the Notes shall be substantially in
      the form of Part 1 of Exhibit A-1, to the Schedule. The Permanent Global
      Note representing each Note shall be substantially in the form of Part 2
      of Exhibit A-1 to the Schedule.

4.    SERIES 02-1 MTN SUPPLEMENT TO SECURITY TRUST

4.1   The Security Trust Deed and MTN Cash Management Agreement shall be
      supplemented and varied in the manner and to the extent set out below and
      shall from such time on the Issue Date be read and construed for all
      purposes as supplemented and varied as set out in the Schedule and the
      Security Trust in respect of Series 02-1 shall be constituted accordingly:

      (a)   Clause 1 of the Security Trust Deed and MTN Cash Management
            Agreement shall be supplemented and varied with respect to Series
            02-1 by the addition of the definitions as contained in Section A of
            Part 1 of the Schedule. In the event that any term or provision
            contained therein shall conflict with or be inconsistent with any
            provision contained in the Security Trust Deed and MTN Cash
            Management Agreement, the terms and provisions of this Supplement
            shall govern. All clause or sub-clause references in the Schedule
            shall be to the relevant clause or sub-clauses of the Security Trust
            Deed and MTN Cash Management Agreement, except as otherwise provided
            in the Schedule. All capitalised terms used in the Schedule which
            are not otherwise defined therein

                                      -4-
<PAGE>

            are defined in the MTN Master Definitions Schedule. Each capitalised
            term defined in the Schedule shall relate only to Series 02-1 and no
            other Series;

      (b)   the Conditions of the Notes set out in Schedule 4 of the Security
            Trust Deed and MTN Cash Management Agreement shall be supplemented
            with respect to Series 02-1 by the additional provisions set out in
            Section B of Part 1 of the Schedule;

      (c)   for the purposes of Clause 10.6 of the Security Trust Deed and MTN
            Cash Management Agreement, the MTN Cash Manager Fee payable by the
            Issuer to the MTN Cash Manager shall be paid in the amount and the
            manner set out in Part 2 of the Schedule; and

      (d)   Clauses 6.1 to 6.3 of the Security Trust Deed and MTN Cash
            Management Agreement shall be supplemented by the additional
            provisions set out in Part 3 of the Schedule. Clauses 6.4 to 6.6
            shall be read in their entirety as set out in Part 3 of the Schedule
            and shall be applicable only to the Notes constituting Series 02-1.

4.2   As continuing first fixed security for the payment or discharge of the
      Secured Obligations save to the extent that they constitute Jersey Assets
      and subject always to Clause 4.11 below, the Issuer with full title
      guarantee hereby conveys, assigns and transfers by way of first fixed
      security to and in favour of the Trustee for itself and on trust for the
      Secured Creditors in respect of Series 02-1:

      (a)   its beneficial interest (and all rights and interests arising in
            respect thereof) in respect of Trust Series 02-1 under the
            Receivables Trust as an Investor Beneficiary thereof to the extent
            specified in the Series 02-1 Trust Supplement and in the Declaration
            of Trust and Trust Cash Management Agreement;

      (b)   all its right, title, interest and benefit present and future in and
            to any agreement relating to Series 02-1 (other than the Declaration
            of Trust and Trust Cash Management Agreement as supplemented by the
            Series 02-1 Trust Supplement to the extent secured under (a) above)
            or document relating to Series 02-1 which the Issuer is or may at
            any time be, expressed to have the benefit of or to have any rights
            under or to have any other interest in unless otherwise charged or
            secured by way of fixed security under this Clause 4.2, (INCLUDING,
            without limitation, all supplements and accretions thereto, all
            rights to receive payment of any amounts which may become payable
            thereunder and all payments received by the Issuer thereunder and
            all items expressed to be held on trust for the Issuer thereunder or
            comprised therein, all rights to serve notices or give consents and
            directions or make demands thereunder or take such steps as are
            required to cause payments to become due and payable thereunder and
            all rights of actions in respect of any breach thereof and all
            rights to receive damages or obtain other relief in respect
            thereof);

                                      -5-
<PAGE>

      (c)   all its right, title, interest and benefit present and future in and
            to all sums of money which may now or hereafter from time to time be
            credited to the Series 02-1 Distribution Account or any other MTN
            Issuer Account established by the Issuer in respect of Series 02-1
            or in respect of any amounts representing or derived from Trust
            Series 02-1 Trust Property or received from Barclays Bank PLC
            pursuant to the Agreement Between Beneficiaries to any bank or other
            accounts in which the Issuer may at any time have or acquire any
            right, title, interest or benefit together with all interest
            accruing from time to time thereon and the debts represented thereby
            and all its right, title, interest and benefit present and future
            therein;

      (d)   all of the Issuer's rights in and to the Permitted Investments in
            respect of Trust Series 02-1 and any payment due in respect thereof
            and the debts represented thereby; and

      (e)   all of the Issuer's right, title, interest and benefit in respect of
            amounts credited to the Trustee Bank Accounts in respect of Trust
            Series 02-1.

4.3   The Issuer by way of first fixed security for payment and discharge of the
      Secured Obligations, as beneficial owner thereof and subject always to
      Clause 4.11, hereby assigns to the Trustee the Jersey Collateral in order
      to create a security interest therein pursuant to Article 2(6) of the
      Jersey Security Interests Law as a continuing security for discharge of
      the Secured Obligations. The Issuer covenants to join the Trustee in
      giving a notice of assignment forthwith upon demand to each party from
      whom the Issuer is entitled to claim the Jersey Collateral and to procure
      the acknowledgement of such parties thereto, such notice and
      acknowledgement to be substantially in the form set out in Exhibit B to
      the Schedule.

4.4   For the purposes of Article 3 of the Jersey Security Interests Law and for
      the avoidance of doubt, it is hereby agreed as follows:

      (a)   the debtor in respect of the creation of the Jersey Security
            Interest is the Issuer;

      (b)   the secured parties in respect of the creation of the Jersey
            Security Interest are the Trustee and the Secured Creditors,
            provided however that all rights in connection therewith are to be
            exercised on their behalf by the Trustee in accordance with the
            terms of this Supplement, the Security Trust Deed and MTN Cash
            Management Agreement and the Jersey Security Interests Law;

      (c)   the collateral in respect of which the Jersey Security Interest is
            created comprises the Jersey Collateral;

      (d)   the events of default in respect of the Jersey Security Interest are
            the events set out in Condition 9 of the Notes under the heading
            "Events of Default"; and

      (e)   the obligations in respect of which the Jersey Security Interest is
            created comprise the Secured Obligations.

                                      -6-
<PAGE>

4.5   Following irrevocable discharge in full of the Secured Obligations of
      which the Trustee has notice, the Trustee shall reassign to the Issuer the
      Jersey Collateral.

4.6   The Issuer hereby gives notice to the Receivables Trustee and the Cash
      Manager (as Operating Bank) of the assignment by way of security made by
      the Issuer to the Trustee (for itself, and on trust for the Noteholders)
      under Clause 4.2, which notice each of the Receivables Trustee and the
      Cash Manager acknowledges by execution of this Series 02-1 MTN Supplement.

4.7   Notwithstanding the charges and securities created by or pursuant to this
      Series 02-1 MTN Supplement, the Trustee agrees that, until the occurrence
      of a Series 02-1 Enforcement Event, payments becoming due to the Issuer by
      the Receivables Trustee as provided by the Declaration of Trust and Trust
      Cash Management Agreement and the Series 02-1 Trust Supplement, together
      with all other monies payable to the Issuer pursuant to any other
      documents or arrangements to which it is a party, may (in any case) be
      made to the Issuer in accordance with the provisions of the Declaration of
      Trust and Trust Cash Management Agreement and the Series 02-1 Trust
      Supplement or (as the case may be) the documents or arrangements
      concerned, and the Issuer may exercise its rights, powers and discretions
      and perform its obligations in relation to the Secured Property and under
      the Series 02-1 Documents in accordance with the provisions of the Series
      02-1 Documents or (as the case may be) such other documents or
      arrangements.

4.8   Notwithstanding the Security created by or pursuant to this Supplement,
      prior to a Series 02-1 Enforcement Event, amounts standing to the credit
      of the Series 02-1 Distribution Account from time to time may be withdrawn
      therefrom by the Issuer but only in accordance with the applicable
      provisions of the Series 02-1.

4.9   From and including the time when a Series 02-1 Enforcement Event has
      occurred and the Notes have become due in accordance with the Conditions,
      (a) the security created pursuant to this Supplement shall become
      enforceable and the Trustee may enforce any rights it may have in respect
      of the Secured Property, and (b) no amount may be withdrawn from the
      Series 02-1 Distribution Account by the Issuer or on its behalf without
      the prior written consent of the Trustee.

4.10  The Trustee shall hold and apply all moneys received by it under the
      Security Trust Deed and MTN Cash Management Agreement and this Series 02-1
      MTN Supplement in connection with the realisation or enforcement of the
      Secured Property in respect of Series 02-1 in accordance with the
      priorities set out in Part 3 of the Schedule hereto.

4.11  Upon proof being given to the satisfaction of the Trustee as to the
      irrevocable and unconditional payment or discharge of the Secured
      Obligations in respect of Series 02-1, the Trustee will at the request and
      cost of the Issuer release, discharge or reassign the Secured Property to
      the Issuer or any other person entitled thereto of whom the Trustee has
      notice.

                                      -7-
<PAGE>

4.12  Section 103 of the LPA shall not apply in relation to any of the Security
      created by this Clause 4. The statutory powers of sale and of appointing a
      receiver which are conferred upon the Trustee as varied and extended by
      this Deed and all other powers shall in favour of any purchaser be deemed
      to arise and be exercisable immediately after the execution of this Deed
      but shall only be exercised upon and following the giving of an
      Enforcement Notice and in the case of the Jersey Security Interest,
      subject to the provisions of Articles 6(5) and 8(3) of the Jersey Security
      Interests Law, the Trustee shall have an immediate power of sale over the
      Jersey Collateral, without having to apply to the Royal Court of Jersey
      for authority to exercise the same.

4.13  The power of sale in respect of the Jersey Security Interest shall be
      exercisable by the Trustee in such manner as the Trustee may in its
      absolute discretion deem appropriate and with all powers of a beneficial
      owner. Without limitation the Trustee may, without liability and subject
      to the Trustee having been indemnified in full to its satisfaction, sell
      or dispose of the whole or part of the Jersey Collateral at such times and
      in such manner and generally on such terms and conditions and for such
      consideration as the Trustee may think fit. Any such sale or disposal may
      be for cash, debentures or other obligations, shares, stocks, securities
      or other valuable consideration and may be payable immediately or by
      instalment spread over such a period as the Trustee may think fit. The
      Trustee shall have right of recourse to any monies forming part of the
      Jersey Collateral and may, without liability and subject to the Trustee
      having been indemnified in full to its satisfaction, apply such monies in
      the payment or discharge of the Secured Obligations as if such moneys were
      proceeds of sale.

4.14  For the avoidance of doubt, the power of attorney granted by the Issuer
      under Clause 7.13.2 is granted in respect of the Security created by this
      Clause 4, inter alia, pursuant to Article 5 of the Powers of Attorney
      (Jersey) Law 1995 for the purposes of facilitating the Trustee's powers
      hereunder and under the Jersey Security Interests Law in respect of the
      Jersey Security Interest.

                                      -8-
<PAGE>

                                     PART 3

                                   AGREEMENTS

5.    AGREEMENT OF THE SECURED CREDITORS AND TRUSTEE

      ADDITIONAL SUPPLEMENTS

      Each Secured Creditor consents and confirms as a Secured Creditor of the
      Security Trust that, subject to Clause 5.6.2 of the Security Trust Deed
      and MTN Cash Management Agreement, the Security Trust Deed and MTN Cash
      Management Agreement may be supplemented and varied from time to time in
      accordance with the terms of this Series 02-1 MTN Supplement or additional
      MTN Supplements.

6.    NEGATIVE COVENANTS OF THE ISSUER

6.1   The Issuer shall not, save to the extent permitted by the Security Trust
      Deed and MTN Cash Management Agreement or any Supplement or with the prior
      written consent of the Transferor and each Rating Agency then rating any
      outstanding Associated Debt of any Series:

      6.1.1 dispose of any Secured Property or create or permit to subsist any
            Encumbrance including, without limitation, anything analogous to any
            of the foregoing under the laws of any jurisdiction upon the whole
            or any part of its present or future undertaking, assets or revenues
            (including, without limitation, uncalled capital and any Secured
            Property) other than the interest referred to in Clauses 6.1 to 6.3
            of the Security Trust Deed and MTN Cash Management Agreement, as
            amended by this Series 02-1 MTN Supplement;

      6.1.2 carry on any business other than as contemplated herein relating to
            the purchase of beneficial interests in the Securitised Portfolio to
            be held on trust by the Receivables Trustee and the issue of the
            Notes of any Series and in respect of that business shall not engage
            in any activity or do anything whatsoever except:

            (a)   preserve and/or exercise and/or enforce any of its rights and
                  perform and observe its obligations under the Notes
                  appertaining thereto, the Security Trust Deed and MTN Cash
                  Management Agreement, the MTN Master Definitions Schedule, the
                  Declaration of Trust and Trust Cash Management Agreement, the
                  Trust Master Definitions Schedule, the Beneficiaries Servicing
                  Agreement, the MTN Issuer Bank Agreement and this Series 02-1
                  MTN Supplement and any mandate regarding any MTN Issuer
                  Account (together, the "SERIES 02-1 DOCUMENTS");

            (b)   use, invest or dispose of any of its property or assets in the
                  manner provided in or contemplated by the Series 02-1
                  Documents;

            (c)   perform any act incidental to or necessary in connection with
                  (a) or (b) above;

                                      -9-
<PAGE>

      6.1.3 have or form, or cause to be formed, any subsidiary, subsidiary
            undertakings or undertakings of any other nature or have any
            employees or premises or have an interest in a bank account other
            than the MTN Issuer Accounts;

      6.1.4 create, incur or suffer to exist any indebtedness (other than
            indebtedness permitted to be incurred under the terms of its
            articles of association and pursuant to or as contemplated in any of
            the Series 02-1 Documents) or give any guarantee in respect of any
            obligation of any Person;

      6.1.5 repurchase any shares or declare or pay any dividend or other
            distribution to its shareholders or issue or allot shares to any
            Person other than Barclays Bank PLC or the Share Trustee, except to
            the extent required by law;

      6.1.6 consolidate with or merge with or into any person or liquidate or
            dissolve on a voluntary basis;

      6.1.7 waive, modify or amend, or consent to any waiver, modification or
            amendment of, any of the provisions of the Series 02-1 Relevant
            Documents, without the prior written consent of the Initial
            Transferor and the Trustee;

      6.1.8 offer to surrender to any company any amounts which are available
            for surrender by way of group relief; and

      6.1.9 take any steps in its capacity as Investor Beneficiary of the
            Receivables Trust either on its own or in conjunction with any other
            Beneficiary of the Receivables Trust to terminate the Receivables
            Trust.

                                      -10-
<PAGE>

                                     PART 4

                                  MISCELLANEOUS

7.    GOVERNING LAW AND JURISDICTION

7.1   GOVERNING LAW

      This Series 02-1 MTN Supplement and all matters arising from or connected
      with it shall be governed by, and construed in accordance with, the laws
      of England, and the obligations, rights and remedies of the parties
      hereunder shall be determined in accordance with such laws, except to the
      extent the provisions of this Series 02-1 MTN Supplement relate to the
      creation and enforcement of the Jersey Security Interest, to which extent
      this Deed shall be governed by and construed in accordance with Jersey
      law.

7.2   JURISDICTION

      (a)   Each of the parties hereto irrevocably agrees for the benefit of
            each other party that the courts of England shall have exclusive
            jurisdiction to hear and determine any suit, action or proceeding,
            and to settle any disputes, which may arise out of or in connection
            with this Series 02-1 MTN Supplement, and, for such purposes,
            irrevocably submits to the exclusive jurisdiction of such courts.

      (b)   Each party hereto irrevocably waives any objection which it might
            now or hereafter have to the courts of England referred to above
            being nominated as the forum to hear and determine any suit, action
            or proceeding, and to settle any disputes, which may arise out of or
            in connection with this Series 02-1 MTN Supplement and agrees not to
            claim that any such court is not a convenient or appropriate forum.

      (c)   Each party hereto (if it is not incorporated in England) irrevocably
            appoints the person specified against its name on the execution
            pages hereto to accept service of any process on its behalf and
            further undertakes to the other parties hereto that it will at all
            times during the continuance of this Series 02-1 MTN Supplement
            maintain the appointment of some person in England as its agent for
            the service of process and irrevocably agrees that service of any
            writ, notice or other document for the purposes of any suit, action
            or proceeding in the courts of England shall be duly served upon it
            if delivered or sent by registered post to the address of such
            appointee (or to such other address in England as that party may
            notify to the other parties hereto).

8.    NOTICES

8.1   Unless otherwise stated herein, each communication or notice to be made
      hereunder shall be made in writing and may be made by telefax or letter.

                                      -11-
<PAGE>

8.2   Any communication, notice or document to be made or delivered by any one
      person to another pursuant to this Series 02-1 MTN Supplement shall
      (unless that other person has by fifteen days' written notice to the other
      parties hereto specified another address) be made or delivered to that
      other person at the address identified below and shall be deemed to have
      been made or delivered when despatched and confirmation of transmission
      received by the sending machine (in the case of any communication made by
      telefax) or (in the case of any communication made by letter) when left at
      that address or (as the case may be) ten days after being deposited in the
      post postage prepaid in an envelope addressed to it at that address
      PROVIDED, HOWEVER, that each telefax or telex communication made by one
      party hereto to another shall be made to that person at the telefax number
      notified to such party by that other person from time to time:

      8.2.1 in the case of the Initial Transferor, the MTN Cash Manager (in
            whatever capacity) and the Issuer to the addresses specified in the
            Security Trust Deed and MTN Cash Management Agreement;

      8.2.2 in the case of the Trustee, the Bank of New York, One Canada Square,
            London E14 5AL, fax no.: 020 7839 6259 Attention: Corporate Trust
            Administration;

      8.2.3 in the case of the Receivables Trustee, 26 New Street, St. Helier,
            Jersey JE2 3RA, fax no.: +44 1534 814 815 Attention: Richard Gerwat;
            and

      8.2.4 in the case of the Rating Agencies for Associated Debt:

            (a)   in the case of Standard & Poor's to Standard & Poor's Ratings
                  Group, a division of the McGraw-Hill Companies Inc., 18
                  Finsbury Circus, London UK EC2M 7BP, fax no.: +44 171 826 3598
                  Attention: Structured Finance Department; and

            (b)   in the case of Moody's to Moody's Investors Service Inc., 2
                  Minster Court, Mincing Lane, London, UK EC3R 7XB, fax no.: +
                  44 171 772 5400 Attention: Structured Finance.

9.    SEVERABILITY OF PROVISIONS

      If any one or more of the covenants, agreements, provisions or terms of
      this Series 02-1 MTN Supplement shall for any reason whatsoever be held
      invalid, then such covenants, agreements, provisions or terms shall be
      deemed severable from the remaining covenants, agreements, provisions or
      terms of this Series 02-1 MTN Supplement and shall in no way affect the
      validity or enforceability of the other provisions of this Series 02-1 MTN
      Supplement or of the rights of the Secured Creditors hereunder.

10.   NO WAIVER; CUMULATIVE REMEDIES

      No failure to exercise and no delay in exercising, on the part of any of
      the parties hereto, any right, remedy, power or privilege hereunder, shall
      operate as a waiver

                                      -12-
<PAGE>

      thereof, nor shall any single or partial exercise of any right, remedy,
      power or privilege hereunder preclude any other or further exercise
      thereof or the exercise of any other right, remedy, power or privilege.
      The rights, remedies, powers and privileges herein provided are cumulative
      and not exhaustive of any rights, remedies, powers and privileges provided
      by law.

11.   COUNTERPARTS

      This Series 02-1 MTN Supplement may be executed in any number of
      counterparts, each of which so executed shall be deemed to be an original,
      but all of such counterparts shall together constitute but one and the
      same instrument.

IN WITNESS WHEREOF the Issuer, the Trustee, the MTN Cash Manager and the Initial
Transferor have caused this Series 02-1 MTN Supplement to be duly executed and
delivered by their duly authorised representatives as a deed on the day and year
first above written.

                                      -13-
<PAGE>

                                  THE SCHEDULE

                         PART 1 - SECTION A: DEFINITIONS

"ASSOCIATED DEBT" means, collectively, the Class A Associated Debt, the Class B
Associated Debt and the Class C Associated Debt;

"ASSOCIATED SWAP AGREEMENT" means the currency and interest rate swap agreement
dated [___] 2002 entered into between the Series 02-1 Associated Issuer and the
Associated Swap Counterparty in respect of the Associated Debt;

"ASSOCIATED SWAP COUNTERPARTY" means Barclays Bank PLC;

"AUTHORISED DENOMINATION" means (pound)[___];

"CLASS A" shall mean for calculation purposes, the portion of the Notes related
to the Class A Associated Debt;

"CLASS A ASSOCIATED DEBT" means the $[___] Class A Asset Backed Floating Rate
Note due [___] constituted by the Trust Deed dated [___] 2002 between the Series
02-1 Associated Issuer and The Bank of New York;

"CLASS A INVESTOR INTEREST" shall have the meaning given to it in the Series
02-1 Trust Supplement;

"CLASS B" shall mean for calculation purposes, the portion of the Notes related
to the Class B Associated Debt;

"CLASS B ASSOCIATED DEBT" means the $[___] Class B Asset Backed Floating Rate
Note due [___] 2002 constituted by the Trust Deed dated [___] 2002 between the
Series 02-1 Associated Issuer and The Bank of New York;

"CLASS B INVESTOR INTEREST" shall have the meaning given to it in the Series
02-1 Trust Supplement;

"CLASS C" shall mean for calculation purposes, the portion of the Notes related
to the Class C Associated Debt;

"CLASS C ASSOCIATED DEBT" means the $[___] Class C Asset Backed Floating Rate
Note due [___] constituted by the Trust Deed dated [___] 2002 between the Series
02-1 Issuer and The Bank of New York;

"CLASS C INVESTOR INTEREST" shall have the meaning given to it in the Series
02-1 Trust Supplement;

"DISTRIBUTION DATE" means the 15th day of each month commencing on [___] or, if
such day is not a Business Day, the next following Business Day;

"FINAL REDEMPTION DATE" means the Interest Payment Date falling in [___];

"INTEREST DETERMINATION DATE" means the first day of each Interest Period

                                      -14-
<PAGE>

"INTEREST PAYMENT DATE" means each Distribution Date;

"INTEREST PERIOD" means each successive period of three months commencing from
2002. The first Interest Period shall be the period from and including the Issue
Date to but excluding 15 [___] 2002;

"INTEREST RATE" means LIBOR;

"INVESTOR INTEREST" shall have the meaning given to it in the Series 02-1 Trust
Supplement;

"JERSEY ASSETS" means in relation to the Issuer all or any of its undertaking,
property, assets, rights and revenues whatsoever, present and future, situated
in Jersey (including, without limitation, the Jersey Collateral);

"JERSEY COLLATERAL" means in relation to the Issuer, to the extent they
constitute Jersey Assets, all its right, title, interest and benefit present and
future in, to and under the Declaration of Trust and Trust Cash Management
Agreement and the Series 02-1 Trust Supplement, including without limitation all
rights to receive payment of any amount which may become payable to the Issuer
thereunder or payments received by the Issuer thereunder or rights to serve
notices and/or to take such steps as are required to cause payments to be become
due and payable thereunder and all rights of action in respect of any breach
thereof and all rights to receive damages or obtain other relief in respect
thereof;

"JERSEY SECURITY INTEREST" means the security created pursuant to clause 4.3 of
this Supplement in accordance with the requirements of the Jersey Security
Interests Law;

"JERSEY SECURITY INTERESTS LAW" means the Security Interests (Jersey) Law, 1983;

"MARGIN" means [___] per cent. per annum;

"PAGE" means Moneyline Telerate;

"PRIMARY SOURCE" means the Page;

"RELEVANT CURRENCY" means Sterling;

"SCHEDULED REDEMPTION DATE" means in respect of the Notes, the Interest Payment
Date falling in [___];

"SECURED PROPERTY" means all that property of the Issuer held as security
(whether fixed, floating or as a Jersey Security Interest) under this Supplement
or the Security Trust Deed and MTN Cash Management Agreement;

"SERIES 02-1 ASSOCIATED ISSUER" means Gracechurch Card Funding (No. 2) PLC as
issuer of the Associated Debt and its successors and assigns as holder of the
Notes in respect of Series 02-1;

"SERIES 02-1 DISTRIBUTION ACCOUNT" means the account in the name of the Issuer
at Barclays Bank PLC, 54 Lombard Street, London EC3P 3AH (account number [___] /
sort code 20-19-90);

                                      -15-
<PAGE>

"SERIES TERMINATION DATE" means in respect of Series 02-1 the earlier to occur
of (a) the Distribution Date on which the Investor Interest in respect of Series
02-1 is reduced to zero; or (b) the Final Redemption Date; and

"SERIES 02-1 TRUST SUPPLEMENT" means the Series 02-1 Supplement to the
Declaration of Trust and Trust Cash Management Agreement dated [___] 2002
between the Initial Transferor, the Issuer and the Receivables Trustee.

                     SECTION B SUPPLEMENTS TO THE CONDITIONS

The Conditions set out in Schedule 4 to the Security Trust Deed and MTN Cash
Management Agreement shall be supplemented as follows:

1.    For the purposes of Condition 5.2, all dates referred to in the Conditions
      shall be subject to adjustment in accordance with the Following Business
      Day Convention.

2.    For the purposes of Condition 5.8, (a) the "Controlled Accumulation
      Period" shall commence at the close of business on [___] or such later
      date as is determined in accordance with Clause 5.11(e) of the Series 02-1
      Trust Supplement and (b) the Day Count Fraction shall be Actual / 365.

3.    Condition 9.1 shall be supplemented by the addition of the following
      sub-paragraph 9.1.10:

      "9.1.10 Associated Swap Agreement: the early termination, without
      replacement, of any Associated Swap Agreement".

4.    Condition 5.1.1 shall be supplemented by the addition of the following
      wording to be inserted in line 4 after the words "Margin (if any)":

      "together with any amounts of Further Interest (if any)".

                                      -16-
<PAGE>

                                     PART 2

                          CASH MANAGEMENT COMPENSATION

The Cash Manager's compensation for providing cash management services in
respect of Series 02-1 shall be met in full out of the Cash Manager's standard
banking charges levied against the Issuer from time to time in its capacity as
an Operating Bank under the terms of the MTN Issuer Bank Agreement dated 23
November 1999 made between the Issuer and the Cash Manager.

                                      -17-
<PAGE>

                                     PART 3

          SUPPLEMENTS TO CLAUSES 6.1 TO 6.3 OF THE SECURITY TRUST DEED
                          AND CASH MANAGEMENT AGREEMENT

12.   ESTABLISHMENT AND MAINTENANCE OF LEDGERS

12.1  The Cash Manager shall open and maintain in the books of the Issuer
      certain ledgers (each a "Ledger") in respect of Series 02-1 to be known
      respectively as the "Class A Coupon Ledger", the "Class B Coupon Ledger",
      the "Class C Coupon Ledger", the "Additional Funds Ledger", the "Class A
      Principal Ledger", the "Class B Principal Ledger" and the "Class C
      Principal Ledger" which together shall reflect the amount of monies from
      time to time held by Issuer in the Series 02-1 Distribution Account.

12.2  The Cash Manager shall record all monies received or payments made by it
      on behalf of the Issuer in respect of Series 02-1 in the manner set out in
      this Agreement. If at any time the Cash Manager is in any doubt as to
      which Ledger a particular amount should be credited or debited, it shall
      consult with the Trustee thereon.

12.3  The Cash Manager shall ensure that:

      (a)   the Class A Coupon Ledger will be credited on each Distribution Date
            with the aggregate of (i) the Issuer Costs Amounts, (ii) the Class A
            Monthly Distribution Amount and (iii) all other amounts (other than
            principal) distributed to the Issuer by the Receivables Trustee on
            such date in respect of the Class A Investor Interest;

      (b)   the Class B Coupon Ledger will be credited on each Distribution Date
            with the aggregate of (i) the Class B Monthly Distribution Amount
            and (ii) all other amounts of (other than principal) distributed to
            the Issuer by the Receivables Trustee on such date in respect of the
            Class B Investor Interest;

      (c)   the Class C Coupon Ledger will be credited on each Distribution Date
            with the aggregate of (i) Class C Monthly Distribution Amount and
            (ii) all other amounts (other than principal) distributed to the
            Issuer by the Receivables Trustee on such date in respect of the
            Class C Investor Interest;

      (d)   the Additional Funds Ledger will be credited with aggregate amount
            of Excess Spread distributed to the Issuer by the Receivables
            Trustee on such date for application in and towards payment of any
            interest and principal falling due for payment on such date under
            any Series 02-1 Stamp Duty Facility Agreement;

      (e)   the Class A Principal Ledger will be credited on the Scheduled
            Redemption Date with the amount paid by the Receivables Trustee to
            the Issuer on such date in reduction of the Class A Investor
            Interest;

                                      -18-
<PAGE>

      (f)   (if applicable) the Class A Principal Ledger will be credited on
            each Distribution Date falling during the Rapid Amortisation Period
            or the Regulated Amortisation Period with the amount paid by the
            Receivables Trustee to the Issuer on such date in reduction of the
            Class A Investor Interest;

      (g)   the Class B Principal Ledger will be credited on the Scheduled
            Redemption Date with the amount paid by the Receivables Trustee to
            the Issuer on such date in reduction of the Class B Investor
            Interest;

      (h)   (if applicable) the Class B Principal Ledger will be credited on
            each Distribution Date falling during the Rapid Amortisation Period
            or the Regulated Amortisation Period with the amount paid by the
            Receivables Trustee to the Issuer on such date in reduction of the
            Class B Investor Interest;

      (i)   the Class C Principal Ledger will be credited on the Scheduled
            Redemption Date with the amount paid by the Receivables Trustee on
            the Scheduled Redemption Date with the amount paid by the
            Receivables Trustee to the Issuer on such date in reduction of the
            Class C Investor Interest; and

      (j)   (if applicable) the Class C Principal Ledger will be credited on
            each Distribution Date falling during the Rapid Amortisation Period
            with the amount paid by the Receivables Trustee to the Issuer on
            such date in reduction of the Class C Investor Interest.

12.4  The amounts credited to the Class A Coupon Ledger, the Class B Coupon
      Ledger, the Class C Coupon Ledger and the Additional Funds Ledger on each
      Distribution Date shall constitute respectively, "Class A Available
      Funds", "Class B Available Funds", "Class C Available Funds" and
      "Additional Available Funds".

13.   APPLICATION OF MONIES PRE-ENFORCEMENT

13.1  On each Interest Payment Date:

      (a)   Class A Available Funds on such date will be applied in making the
            following payments, in the amounts calculated by the Cash Manager to
            be required, in the following order of priority (in each case if and
            to the extent that payments of a higher priority have been made in
            full):

            (i)   first, to pay when due the Issuer Cost Amounts;

            (ii)  second, to pay all amounts of interest (including Further
                  Interest (if any)) payable in respect of Class A;

            (iii) third, to pay all amounts of Deferred Interest (if any)
                  payable in respect of Class A;

            (iv)  fourth, to pay all amounts of Additional Interest (if any)
                  payable in respect of Class A;

                                      -19-
<PAGE>

            (v)   fifth, pro rata, to pay to the Class A Servicing Fee and the
                  Class A Trust Cash Management Fee due in respect of the
                  preceding Monthly Period to the extent not paid directly to
                  the Servicer and the Trust Cash Manager out of amounts
                  allocated to the Issuer by the Receivables Trustee on the
                  preceding Transfer Date;

            (vi)  sixth, to pay all amounts of Excess Entitlement Consideration
                  (if any); and

            (vii) seventh, in payment to the Issuer for distribution by way of
                  dividend to the shareholders of the Issuer on such Interest
                  Payment Date or on any subsequent date on which a dividend
                  payment is declared and due by the Issuer.

      (b)   Class B Available Funds on such date will be applied in making the
            following payments, in the amounts calculated by the Cash Manager to
            be required, in the following order of priority (in each case if and
            to the extent that payments and provisions of a higher priority have
            been paid in full):

            (i)   first, to pay all amounts of interest interest (including
                  Further Interest (if any)) payable in respect of Class B;

            (ii)  second, to pay all amounts of Deferred Interest (if any)
                  payable in respect of Class B;

            (iii) third, to pay all amounts of Additional Interest (if any)
                  payable in respect of Class B;

            (iv)  fourth, pro rata, to pay the Class B Servicing Fee and the
                  Class B Trust Cash Management Fee due in respect of the
                  preceding Monthly Period to the extent not paid directly to
                  the Servicer and the Trust Cash Manager out of amounts
                  allocated to the Issuer by the Receivables Trustee on the
                  preceding Transfer Date;

            (v)   fifth, to pay all amounts of Excess Entitlement Consideration
                  (if any); and

            (vi)  sixth, in payment to the Issuer for distribution by way of
                  dividend to the shareholders of the Issuer on such Interest
                  Payment Date or on any subsequent date on which a dividend
                  payment is declared and due by the Issuer;

      (c)   Class C Available Funds on such date will be applied in making the
            following payments, in the amounts calculated by the Cash Manager to
            be required, in the following order of priority (in each case if and
            to the extent that payments and provisions of a higher priority have
            been paid in full);

            (i)   first, to pay all amounts of interest interest (including
                  Further Interest (if any)) payable in respect of the Class C;

                                      -20-
<PAGE>

            (ii)  second, to pay all amounts of Deferred Interest (if any)
                  payable in respect of the Class C;

            (iii) third to pay all amounts of Additional Interest (if any)
                  payable in respect of the Class C;

            (iv)  fourth, pro rata, to pay the Class C Servicing Fee and the
                  Class C Trust Cash Management Fee due in respect of the
                  preceding Monthly Period to the extent not paid directly to
                  the Servicer and the Trust Cash Manager out of amounts
                  allocated to the Issuer by the Receivables Trustee on the
                  preceding Transfer Date;

            (v)   fifth, to pay all amounts of Excess Entitlement Consideration
                  (if any); and

            (vi)  sixth, in payment to the Issuer for distribution by way of
                  dividend to the shareholders of the Issuer on such Interest
                  Payment Date or on any subsequent date on which a dividend
                  payment is declared and due by the Issuer;

      (d)   Additional Available Funds on such date will be applied in and
            towards repayment of any principal due for repayment thereunder on
            such date.

13.2  Amounts credited to the Class A Principal Ledger, the Class B Principal
      Ledger and the Class C Principal Ledger on the Scheduled Redemption Date
      or, if applicable, each Distribution Date falling during the Rapid
      Amortisation Period or, as the case may be, the Regulated Amortisation
      Period, shall be applied on such dates in and towards redemption of the
      Notes;

13.3  All Ledgers shall be reset to zero at the close of business on each
      Interest Payment Date.

14.   APPLICATION OF MONIES POST-ENFORCEMENT

14.1  Notwithstanding the security rights created by this MTN Supplement but
      subject always to the provisions of Article 8(6)(b) of the Jersey Security
      Interests Law in respect of the Jersey Security Interest, the Trustee and
      each of the Secured Creditors hereby agrees, and the Issuer concurs, that
      from the time of the giving of an Enforcement Notice, (a) no amount may be
      withdrawn from any of the Series 02-1 Distribution Account except to the
      extent that it is applied in accordance with the order of priorities set
      out in Paragraph 3.3 or as otherwise permitted by the provisions of this
      MTN Supplement or any other Relevant Document that are applicable after
      the giving of an Enforcement Notice.

14.2  Notwithstanding the security rights created by this MTN Supplement, but
      subject always to the provisions of Article 8(6)(b) of the Jersey Security
      Interests Law in respect of the Jersey Security Interest, the Trustee and
      each of the Secured Creditors hereby agrees, and the Issuer concurs, that
      any monies whatsoever recovered by each

                                      -21-
<PAGE>

      of them or on their behalf whether by the Trustee or otherwise after the
      giving of an Enforcement Notice, shall be paid to the Trustee (and pending
      such payment shall be held on trust for the Trustee) for application in
      accordance with the order of priorities set out in Paragraph 3.3 (in each
      case only if and to the extent that payments of higher priority have been
      made in full).

14.3  The order of the priorities referred to in Paragraphs 3.1 and 3.2 is as
      follows:

      (a)   FIRSTLY, in no order of priority inter se but pro rata to the
            respective amounts then due, to pay remuneration then due to any
            receiver appointed pursuant to this MTN Supplement or the Trustee
            and all amounts due in respect of legal fees and other costs,
            charges, liabilities, expenses, losses, damages, proceedings, claims
            and demands then incurred by the Trustee under and in respect of the
            Relevant Documents and in enforcing the security created by or
            pursuant to this MTN Supplement or in perfecting title to the
            Security, together with interest thereon as provided in any such
            document;

      (b)   SECONDLY, in order of priority inter se, the respective amounts then
            due:

            (A)   FIRST (to the extent not covered by (a) above) in payment or
                  satisfaction of costs, charges, liabilities, expenses, losses,
                  damages, proceedings, claims and demands of the Trustee under
                  the Security Trust Deed and MTN Cash Management Agreement and
                  this MTN Supplement; and

            (B)   SECONDLY in or towards payment pari passu and rateably of all
                  principal, premium (if any) and interest interest (including
                  Further Interest (if any)) then due and unpaid in respect of
                  the Notes;

      (c)   THIRDLY in or towards payment of any sums due from (or required to
            be provided for by) the Issuer to meet its liabilities to any
            taxation authority (including in respect of corporation tax to the
            Inland Revenue);

      (d)   FOURTHLY in or towards payment of any sums due to third parties
            under obligations incurred in the course of the Issuer's business;

      (e)   FIFTHLY in or towards payment of any dividends due and unpaid to
            shareholders of the Issuer; and

      (f)   SIXTHLY, to pay all amounts of Excess Entitlement Consideration (if
            any);

      (g)   SEVENTHLY in payment of the balance (if any) to the liquidator of
            the Issuer,

Without prejudice to the above, if the Trustee holds any monies which represent
principal and interest in respect of any Note which has become void or in
respect of which claims have been prescribed under Condition 10, the Trustee
will hold such monies on the above trusts.

                                      -22-
<PAGE>

                                    EXHIBIT A

                                     PART 1

                          FORM OF TEMPORARY GLOBAL NOTE

                              TEMPORARY GLOBAL NOTE

ISIN:  [___]                                                 Common Code: [___]

                             BARCLAYCARD FUNDING PLC

   (a public limited company incorporated under the laws of England and Wales)

               BARCLAYCARD ASSET BACKED MEDIUM TERM NOTE PROGRAMME

                              TEMPORARY GLOBAL NOTE

                               REPRESENTING UP TO

                                  (POUND)[___]

                    FLOATING RATE ASSET BACKED NOTE DUE [___]

This global note is a Temporary Global Note without interest coupons issued in
respect of an issue of an aggregate principal amount of (pound)[___] of Floating
Rate Asset Backed Note due [___] (the "NOTES") by Barclaycard Funding PLC (the
"ISSUER").

The Issuer for value received promises, all in accordance with the terms and
conditions set out in the applicable Series 02-1 Supplement ("TERMS AND
CONDITIONS") and the Principal Trust Deed (as defined below) to pay to the
bearer upon presentation or, as the case may be, surrender hereof in respect of
each Note for the time being from time to time represented hereby, on the
maturity date specified in the Terms and Conditions or on such earlier date as
any such Note may become due and payable in accordance with the Terms and
Conditions, the Principal Amount on such dates as may be specified in the Terms
and Conditions or, if any such Note shall become due and payable on any other
date, the Principal Amount and, in respect of each such Note, to pay interest
and all other amounts as may be payable pursuant to the Terms and Conditions all
subject to and in accordance therewith.

Except as specified herein, the bearer of this Temporary Global Note is entitled
to the benefit of the Terms and Conditions and of the same obligations on the
part of the Issuer as if such bearer were the bearer of the Notes represented
hereby and to the benefit of those provisions of the Terms and Conditions (and
the obligations on the part of the Issuer contained therein) applicable
specifically to Temporary Global Note, and all payments under and to the bearer
of

                                      -23-
<PAGE>

this Temporary Global Note shall be valid and effective to satisfy and discharge
the corresponding Liabilities of the Issuer in respect of the Notes.

This Temporary Global Note is issued pursuant to a security trust deed and MTN
cash management deed dated [___] 2002 (the "PRINCIPAL TRUST DEED") together with
the supplemental trust deed in respect of Series 02-1 (the "SERIES 02-1
SUPPLEMENT" and, together with the Principal Trust Deed, the "TRUST DEED") and
made between the Issuer and The Bank of New York, London Branch as trustee (the
"TRUSTEE" which expression includes any person or corporation from time to time
appointed as trustee). Words and expressions defined expressly or by reference
in the Terms and Conditions and the Trust Deed shall have the same meanings in
this Temporary Global Note.

On or after the expiry of 40 days after the date of issue of this Temporary
Global Note (the "Exchange Date"), this Temporary Global Note shall be
exchangeable in whole or in part for a Permanent Global Note or, in the
circumstances set out in the Series 02-1 Supplement for Definitive Note. An
exchange for a Permanent Global Note or, as the case may be, Definitive Note
will be made only on or after the Exchange Date (specified in the Series 02-1
Supplement) and upon presentation or, as the case may be, surrender of this
Temporary Global Note to the Principal Paying Agent at its specified office and
upon and to the extent of delivery to the Principal Paying Agent of a
certificate or certificates issued by Euroclear Bank S.A./N.V. as operator of
the Euroclear System ("EUROCLEAR") or Clearstream, Luxembourg or by any other
relevant clearing system and dated not earlier than the Exchange Date in
substantially the form set out in Annex I hereto or, as the case may be, in the
form that is customarily issued in such circumstances by such other clearing
system. Any Definitive Note will be made available for collection by the persons
entitled thereto at the specified office of the Principal Paying Agent.

The Issuer undertakes to procure that the relevant Permanent Global Note and
Definitive Note will be duly issued in accordance with the Terms and Conditions,
the provisions hereof and of the Trust Deed.

The bearer of this Temporary Global Note shall not (unless, upon due
presentation of this Temporary Global Note for exchange (in whole or in part)
for a Permanent Global Note or for delivery of Definitive Note, such exchange or
delivery is improperly withheld or refused and such withholding or refusal is
continuing at the relevant payment date) be entitled to receive any payment in
respect of the Notes represented by this Temporary Global Note which falls due
on or after the Exchange Date or be entitled to exercise any option on a date
after the Exchange Date.

Payments of interest otherwise falling due before the Exchange Date will be made
only upon presentation of this Temporary Global Note at the specified office of
any of the Paying Agents outside the United States and upon and to the extent of
delivery to the relevant Paying Agent of a certificate or certificates issued by
Euroclear or Clearstream, Luxembourg or by any other relevant clearing system
and dated not earlier than the relevant interest payment date in substantially
the form set out in Annex II hereto or, as the case may be, in the form that is
customarily issued in such circumstances by such other clearing system.

                                      -24-
<PAGE>

On any occasion on which a payment of principal is made in respect of this
Temporary Global Note or on which this Temporary Global Note is exchanged in
whole or in part as aforesaid or on which Note represented by this Temporary
Global Note are to be cancelled, the Issuer shall procure that (i) the aggregate
principal amount of the Notes in respect of which such payment is made (or, in
the case of a partial payment, the corresponding part thereof) or which are
delivered in definitive form or which are to be exchanged for a permanent global
instrument or which are to be cancelled and (ii) the remaining principal amount
of this Temporary Global Note (which shall be the previous principal amount
hereof less the amount referred to at (i) above) are noted on the Schedule
hereto, whereupon the principal amount of this Temporary Global Note shall for
all purposes be as most recently so noted.

On each occasion on which an option is exercised in respect of any Note
represented by this Temporary Global Note, the Issuer shall procure that the
appropriate notations are made on the Schedule hereto.

The obligations of the Issuer in respect of this Temporary Global Note are
limited recourse in nature, as more particularly set out in the Terms and
Conditions and the Trust Deed. In addition the bearer of this Temporary Global
Note and, inter alios, the Trustee are restricted in the proceedings which they
may take against the Issuer to enforce their rights hereunder and under the
Trust Deed, as more particularly set out in the Terms and Conditions and the
Trust Deed.

This Temporary Global Note is governed by, and shall be construed in accordance
with, English law.

The Issuer irrevocably agrees for the benefit of the bearer that the courts of
England are to have jurisdiction to hear and determine any suit, action or
proceedings, and to settle any disputes, which may arise out of or in connection
with these presents (respectively, "PROCEEDINGS" and "DISPUTES") and, for such
purposes, irrevocably submits to the jurisdiction of such courts. The Issuer
irrevocably waives any objection which it might now or hereafter have to the
courts of England being nominated as the forum to hear and determine any
Proceedings and to settle any Disputes and agrees not to claim that any such
court is not a convenient or appropriate forum.

This Temporary Global Note shall not be valid for any purpose until
authenticated for and on behalf of The Bank of New York, London Branch as Issue
Agent.

AS WITNESS the manual or facsimile signature of a director, duly authorised
officer, or duly authorised attorney on behalf of the Issuer.

                                      -25-
<PAGE>

                                                          THE SCHEDULE

<TABLE>
<CAPTION>

                     PAYMENTS, DELIVERY OF DEFINITIVE NOTE, EXCHANGE FOR PERMANENT GLOBAL NOTE, EXERCISE OF
                                                OPTIONS AND CANCELLATION OF NOTE

==============================================================================================================================
   Date of      Amount of    Amount of     Aggregate      Aggregate     Aggregate    Aggregate     Remaining     Authorised
   payment,   interest then  principal     principal      principal     principal    principal     principal    signature by
  delivery,        paid      then paid     amount of      amount of     amount of    amount in     amount of    or on behalf
  exchange,                             Definitive Note      this       Note then    respect of       this         of the
 exercise of                              Certificates    Temporary     cancelled   which option   Temporary     Principal
 option (and                             then delivered  Global Note                is exercised  Global Note   Paying Agent
  date upon                                                  then
    which                                               exchanged for
 exercise is                                            the Permanent
effective) or                                            Global Note
 cancellation

------------------------------------------------------------------------------------------------------------------------------
<S>            <C>           <C>         <C>              <C>            <C>         <C>             <C>           <C>

==============================================================================================================================
</TABLE>

                                                              -26-

<PAGE>

BARCLAYCARD FUNDING PLC

By: [manual/facsimile signature]
(director)

ISSUED in London on [___]

AUTHENTICATED for and on behalf of
THE BANK OF NEW YORK
as Issue Agent without recourse,
warranty or liability

By: [manual signature]
(duly authorised)

                                      -27-
<PAGE>

                                     ANNEX I

        [Form of certificate to be given in relation to exchanges of this
    Temporary Global Note for the Permanent Global Note or Definitive Note:]

                             BARCLAYCARD FUNDING PLC

                  (POUND)[___] FLOATING RATE ASSET BACKED NOTE

                                  (the "NOTES")

This is to certify that, based solely on certifications we have received in
writing, by tested telex or by electronic transmission from member organisations
appearing in our records as persons being entitled to a portion of the principal
amount set forth below (OUR "MEMBER ORGANISATIONS") substantially to the effect
set forth in the Agency Agreement as of the date hereof, [ ] principal amount of
the above-captioned Note (i) is owned by persons that are not citizens or
residents of the United States, domestic partnerships, domestic corporations or
any estate or trust the income of which is subject to United States Federal
income taxation regardless of its source ("UNITED STATES PERSONS"), (ii) is
owned by United States persons that (a) are foreign branches of United States
financial institutions (as defined in U.S. Treasury Regulations Section
1.165-12(c)(1)(v) ("FINANCIAL INSTITUTIONS")) purchasing for their own account
or for resale, or (b) acquired the Notes through and are holding through on the
date hereof (as such terms "acquired through" and "holding through" are
described in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(6)) foreign
branches of United States financial institutions (and in either case (a) or (b),
each such United States financial institution has agreed, on its own behalf or
through its agent, that we may advise the Issuer or the Issuer's agent that it
will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the
Internal Revenue Code of 1986, as amended, and the regulations thereunder), or
(iii) is owned by United States or foreign financial institutions for purposes
of resale during the restricted period (as defined in U.S. Treasury Regulations
Section 1.163-5(c)(2)(i)(D)(7)), and to the further effect that United States or
foreign financial institutions described in clause (iii) above (whether or not
also described in clause (i) or (ii)) have certified that they have not acquired
the Notes for purposes of resale directly or indirectly to a United States
person or to a person within the United States or its possessions.

As used herein, "UNITED STATES" means the United States of America (including
the States and the District of Columbia); and its "POSSESSIONS" include Puerto
Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the
Northern Mariana Islands.

We further certify (i) that we are not making available herewith for exchange
(or, if relevant, exercise of any rights or collection of any interest) any
portion of the Temporary Global security excepted in such certifications and
(ii) that as of the date hereof we have not received any notification from any
of our Member Organisations to the effect that the statements made by such
Member Organisations with respect to any portion of the part submitted herewith
for exchange (or, if relevant, exercise of any rights or collection of any
interest) are no longer true and cannot be relied upon as at the date hereof.

                                      -28-
<PAGE>

We understand that this certification is required in connection with certain tax
laws and, if applicable, certain securities laws of the United States. In
connection therewith, if administrative or legal proceedings are commenced or
threatened in connection with which this certification is or would be relevant,
we irrevocably authorise you to produce this certification to any interested
party in such proceedings.

Date: [__________](1)

[Euroclear Bank S.A./N.V. as operator of the Euroclear System/Clearstream,
Luxembourg]

By: [authorised signature]

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

(1)   To be dated not earlier than the Exchange Date.

                                      -29-
<PAGE>

                                    ANNEX II

      [Form of certificate to be given in relation to payments of interest
                     falling due before the Exchange Date:]

                             BARCLAYCARD FUNDING PLC

                  (POUND)[___] FLOATING RATE ASSET BACKED NOTE

                                  (the "NOTES")

This is to certify that, based solely on certifications we have received in
writing, by tested telex or by electronic transmission from member organisations
appearing in our records as persons being entitled to a portion of the principal
amount set forth below (our "MEMBER ORGANISATIONS") substantially to the effect
set forth in the Issue and Paying Agency Agreement as of the date hereof, [ ]
principal amount of the above-captioned Note (i) is owned by persons that are
not citizens or residents of the United States, domestic partnerships, domestic
corporations or any estate or trust the income of which is subject to United
States Federal income taxation regardless of its source ("UNITED STATES
PERSONS"), (ii) is owned by United States persons that (a) are foreign branches
of United States financial institutions (as defined in U.S. Treasury Regulations
Section 1.165-12(c)(1)(v) ("FINANCIAL INSTITUTIONS")) purchasing for their own
account or for resale, or (b) acquired the Notes through and are holding through
on the date hereof (as such terms "acquired through" and "holding through" are
described in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(6)) foreign
branches of United States financial institutions (and in either case (a) or (b),
each such United States financial institution has agreed, on its own behalf or
through its agent, that we may advise the Issuer or the Issuer's agent that it
will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the
Internal Revenue Code of 1986, as amended, and the regulations thereunder), or
(iii) is owned by United States or foreign financial institutions for purposes
of resale during the restricted period (as defined in U.S. Treasury Regulations
Section 1.163-5(c)(2)(i)(D)(7)), and to the further effect that United States or
foreign financial institutions described in clause (iii) above (whether or not
also described in clause (i) or (ii)) have certified that they have not acquired
the Notes for purposes of resale directly or indirectly to a United States
person or to a person within the United States or its possessions.

If the Securities are of the category contemplated in Section 230.903(b)(3) of
Regulation S under the Securities Act of 1933, as amended, then this is also to
certify with respect to such principal amount of the Notes set forth above that,
except as set out below, we have received in writing, by tested telex or by
electronic transmission, from our Member Organisations entitled to a portion of
such principal amount, certifications with respect of such portion,
substantially to the effect set forth in the temporary Global Note representing
the Notes.

As used herein, "UNITED STATES" means the United States of America (including
the States and the District of Columbia); and its "POSSESSIONS" include Puerto
Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the
Northern Mariana Islands.

We further certify (i) that we are not making available herewith for exchange
(or, if relevant, exercise of any rights or collection of any interest) any
portion of the Temporary Global

                                      -30-
<PAGE>

security excepted in such certifications and (ii) that as of the date hereof we
have not received any notification from any of our Member Organisations to the
effect that the statements made by such Member Organisations with respect to any
portion of the part submitted herewith for exchange (or, if relevant, exercise
of any rights or collection of any interest) are no longer true and cannot be
relied upon as at the date hereof.

We understand that this certification is required in connection with certain tax
laws and, if applicable, certain securities laws of the United States. In
connection therewith, if administrative or legal proceedings are commenced or
threatened in connection with which this certification is or would be relevant,
we irrevocably authorise you to produce this certification to any interested
party in such proceedings.

Date: [__________](1)

[Euroclear Bank S.A./N.V. as operator of the Euroclear System/Clearstream,
Luxembourg]

By: [authorised signature]

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

(1)   To be dated not earlier than the relevant interest payment date.

                                      -31-
<PAGE>

                                    ANNEX III

               [Form of accountholder's certification referred to
                         in the preceding certificate:]

                             BARCLAYCARD FUNDING PLC

                  (POUND)[___] FLOATING RATE ASSET BACKED NOTE

                                  (the "NOTES")

This is to certify that as of the date hereof, and except as set forth below,
the above-captioned Note held by you for our account (i) are owned by persons
that are not citizens or residents of the United States, domestic partnerships,
domestic corporations or any estate or trust the income of which is subject to
the United States Federal income taxation regardless of its source ("UNITED
STATES PERSONS"), (ii) are owned by United States person(s) that (a) are foreign
branches of a United States financial institution (as defined in U.S. Treasury
Regulations Section 1.165-12(c)(1)(v)) ("FINANCIAL INSTITUTIONS") purchasing for
their own account or for resale, or (b) acquired the Notes through and are
holding through on the date hereof (as such terms "acquired through" and
"holding through" are described in U.S. Treasury Regulations Section 1.163-5(c)
(2)(i) (D)(6)) foreign branches of United States financial institutions (and in
either case (a) or (b), each such United States financial institution hereby
agrees, on its own behalf or through its agent, that you may advise the Issuer
or the Issuer's agent that it will comply with the requirements of Section
165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and
the regulations thereunder), or (iii) are owned by United States or foreign
financial institution(s) for purposes of resale during the restricted period (as
defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and in
addition if the owner of the Notes is a United States or foreign financial
institution described in clause (iii) above (whether or not also described in
clause (i) or (ii)) this is further to certify that such financial institution
has not acquired the Notes for purposes of resale directly or indirectly to a
United States person or to a person within the United States or its possessions.

If the Notes are of the category contemplated in Section 230.903(b)(3) of
Regulation S under the Securities Act of 1933 (the "ACT") then this is also to
certify that, as except as set forth below, the Notes are beneficially owned by
(a) non-U.S. person(s) or (b) U.S. person(s) who purchased the Notes in
transactions which did not require registration under the Act. As used in this
paragraph, the term "U.S. person" has the meaning given to it by Regulation S
under the Act.

As used herein, "UNITED STATES" means the United States of America (including
the States and the District of Columbia); and its "POSSESSIONS" include Puerto
Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the
Northern Mariana Islands.

We undertake to advise you promptly by tested telex on or prior to the date on
which you intend to submit your certification relating to the Notes held by you
for our account in accordance with your operating procedures if any applicable
statement herein is not correct on such date, and in the absence of any such
notification it may be assumed that this certification applies as of such date.

                                      -32-
<PAGE>

This certification excepts and does not relate to [_____] of such interest in
the above Note in respect of which we are not able to certify and as to which we
understand exchange and delivery of definitive Note (or, if relevant, exercise
of any rights or collection of any interest) cannot be made until we do so
certify.

We understand that this certification is required in connection with certain tax
laws and, if applicable, certain securities laws of the United States.

In connection therewith, if administrative or legal proceedings are commenced or
threatened in connection with which this certification is or would be relevant,
we irrevocably authorise you to produce this certification to any interested
party in such proceedings.

Date: [__________](1)

[ACCOUNTHOLDER] AS (OR AS AGENT FOR) THE BENEFICIAL OWNER OF THE NOTES.

By: [authorised signature]

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

(1)   To be dated not earlier than fifteen days before the Exchange Date or, as
      the case may be, the relevant interest payment date.

                                      -33-
<PAGE>

                                     PART 2

                      FORM OF CLASS A PERMANENT GLOBAL NOTE

                              PERMANENT GLOBAL NOTE

ISIN: [___]                                                  Common Code: [___]

                             BARCLAYCARD FUNDING PLC

   (a public limited company incorporated under the laws of England and Wales)

               BARCLAYCARD ASSET BACKED MEDIUM TERM NOTE PROGRAMME

                              PERMANENT GLOBAL NOTE

                               representing up to

                                  (pound)[___]

                    FLOATING RATE ASSET BACKED NOTE DUE [___]

This global instrument is a Permanent Global Note with interest coupons issued
in respect of an issue of an aggregate principal amount of (pound)[___] of
Floating Rate Asset Backed Note due [___] (the "NOTES") by BARCLAYCARD FUNDING
PLC (the "ISSUER").

The Issuer for value received promises, all in accordance with the terms and
conditions set out in the Series 02-1 Supplement ("TERMS AND CONDITIONS") and
the Trust Deed (as defined below) to pay to the bearer upon presentation or, as
the case may be, surrender hereof in respect of each Note for the time being
from time to time represented hereby, on the maturity date specified in the
Terms and Conditions or on such earlier date as any such Note may become due and
payable in accordance with the Terms and Conditions, the Principal Amount on
such dates as may be specified in the Terms and Conditions or, if any such Note
shall become due and payable on any other date, the Principal Amount and, in
respect of each such Note, to pay interest and all other amounts as may be
payable pursuant to the Terms and Conditions, all subject to and in accordance
therewith.

Except as specified herein, the bearer of this Permanent Global Note is entitled
to the benefit of the Terms and Conditions and of the same obligations on the
part of the Issuer as if such bearer were the bearer of the Notes represented
hereby and to the benefit of those Terms and Conditions (and the obligations on
the part of the Issuer contained therein) applicable specifically to Permanent
Global Note, and all payments under and to the bearer of this

                                      -34-
<PAGE>

Permanent Global Note shall be valid and effective to satisfy and discharge the
corresponding Liabilities of the Issuer in respect of the Notes.

This Permanent Global Note is issued pursuant to a security trust deed dated
[___] 2002 (the "PRINCIPAL TRUST DEED") and the supplement thereto in respect of
Series 02-1 (the "Series 02-1 Supplement" and together with the Security Trust
Deed, the "TRUST DEED") and made between the Issuer and The Bank of New York,
London Branch as trustee (the "TRUSTEE" which expression includes any person or
corporation appointed from time to time as trustee). Words and expressions
defined expressly or by reference in the Terms and Conditions and the Trust Deed
shall have the same meanings in this Permanent Global Note.

This Permanent Global Note will be exchanged in whole but not in part for
Definitive Note if (a) any Note of the relevant Series becomes immediately
redeemable following the occurrence of an Event of Default in relation thereto
(b) Euroclear Bank S.A./N.V. as operator of the Euroclear System or Clearstream,
Luxembourg, or any other relevant clearing system is closed for business for a
continuous period of 14 days (other than by reason of legal holidays) or
announces an intention to cease business permanently or in fact does so; or (c)
if so specified in the Trust Deed, upon the request of a Holder of a beneficial
interest in this Permanent Global Note. In the case of (a) and (b), the Issuer
shall bear the entire cost and expense and, in the case of (c) the Holder making
such request shall bear the entire cost and expense. In order to exercise the
option contained in paragraph (c) of the preceding sentence, the bearer hereof
must, at the request of the Holder making such request, not less than forty-five
days before the date upon which the delivery of such Definitive Note is
required, deposit this Permanent Global Note with the Principal Paying Agent at
its specified office with the form of exchange notice endorsed hereon duly
completed. Any Definitive Note will be made available for collection by the
persons entitled thereto at the specified office of the Principal Paying Agent.

The Issuer undertakes to procure that the relevant Definitive Note will be duly
issued in accordance with the Terms and Conditions, the provisions hereof and of
the Trust Deed.

On any occasion on which a payment of interest is made in respect of this
Permanent Global Note, the Issuer shall procure that the same is noted on the
Schedule hereto.

On any occasion on which a payment of principal is made in respect of this
Permanent Global Note or on which this Permanent Global Note is exchanged as
aforesaid or on which any Note represented by this Permanent Global Note are to
be cancelled the Issuer shall procure that (i) the aggregate principal amount of
the Notes in respect of which such payment is made (or, in the case of a partial
payment, the corresponding part thereof) or which are delivered in definitive
form or which are to be cancelled and (ii) the remaining principal amount of
this Permanent Global Note (which shall be the previous principal amount hereof
less the amount referred to at (i) above) are noted on the Schedule hereto,
whereupon the principal amount of this Permanent Global Note shall for all
purposes be as most recently so noted.

On each occasion on which an option is exercised in respect of any Note
represented by this Permanent Global Note, the Issuer shall procure that the
appropriate notations are made on the Schedule hereto.

                                      -35-
<PAGE>

Insofar as the Temporary Global Note by which the Notes were initially
represented has been exchanged in part only for this Permanent Global Note and
is then to be further exchanged as to the remaining principal amount or part
thereof for this Permanent Global Note, then upon presentation of this Permanent
Global Note to the Principal Paying Agent at its specified office and to the
extent that the aggregate principal amount of such Temporary Global Note is then
reduced by reason of such further exchange, the Issuer shall procure that (i)
the aggregate principal amount of the Notes in respect of which such further
exchange is then made and (ii) the new principal amount of this Permanent Global
Note (which shall be the previous principal amount hereof plus the amount
referred to at (i) above) are noted on the Schedule hereto, whereupon the
principal amount of this Permanent Global Note shall for all purposes be as most
recently noted.

The obligations of the Issuer in respect of this Permanent Global Note are
limited recourse in nature, as more particularly set out in the Terms and
Conditions and the Trust Deed. In addition, the bearer of this Permanent Global
Note and, inter alios, the Trustee are restricted in the proceedings which they
may take against the Issuer to enforce their rights hereunder and under the
Trust Deed, as more particularly described in the Terms and Conditions and the
Trust Deed.

This Permanent Global Note is governed by, and shall be construed in accordance
with, English law.

The Issuer irrevocably agrees for the benefit of the bearer that the courts of
England are to have jurisdiction to hear and determine any suit, action or
proceedings, and to settle any disputes, which may arise out of or in connection
with this Permanent Global Note (respectively, "PROCEEDINGS" and "DISPUTES")
and, for such purposes, irrevocably submits to the jurisdiction of such courts.
The Issuer irrevocably waives any objection which it might now or hereafter have
to the courts of England being nominated as the forum to hear and determine any
Proceedings and to settle any Disputes and agrees not to claim that any such
court is not a convenient or appropriate forum.

This Permanent Global Note shall not be valid for any purpose until
authenticated for and on behalf of Barclays Capital as Issue Agent.

AS WITNESS the manual or facsimile signature of a director, duly authorised
officer, or duly authorised attorney on behalf of the Issuer.

BARCLAYCARD FUNDING PLC

By: [manual/facsimile signature]

(director)

                                      -36-
<PAGE>

ISSUED in London as of [___] 2002

AUTHENTICATED for and on behalf of

THE BANK OF NEW YORK as Issue Agent

without recourse, warranty or liability

By: [manual signature]

(duly authorised)

                                      -37-
<PAGE>

                                                          THE SCHEDULE

<TABLE>

               PAYMENTS, DELIVERY OF DEFINITIVE NOTE CERTIFICATES, FURTHER EXCHANGES OF THE TEMPORARY GLOBAL NOTE,
                                          EXERCISE OF OPTIONS AND CANCELLATION OF NOTE

<CAPTION>

================================================================================================================================
  Date of payment,    Amount of    Amount of    Aggregate     Aggregate     Aggregate     Aggregate    Current      Authorised
 delivery, further    interest     principal    principal     principal     principal     principal    principal    signature
    exchange of       then paid    then paid    amount of     amount of     amount of     amount in    amount of     by or on
  Temporary Global                              Definitive    Note then      further      respect of      this      behalf of
 Note, exercise of                                 Note       cancelled     exchanges       which      Permanent       the
  option (and date                             Certificates                     of        option is      Global     Principal
upon which exercise                                then                     Temporary     exercised       Note     Paying Agent
  is effective) or                              delivered                  Global Note
    cancellation

--------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>            <C>         <C>            <C>            <C>           <C>         <C>           <C>

================================================================================================================================
</TABLE>

                                                              -38-
<PAGE>

                                 EXCHANGE NOTICE

.............................., being the bearer of this Permanent Global Note at
the time of its deposit with the Principal Paying Agent at its specified office
for the purposes of the Notes, hereby exercises the option set out above to have
this Permanent Global Note exchanged in whole for Definitive Note in aggregate
principal amount of [ ] and directs that such Definitive Note be made available
for collection by it from the Principal Paying Agent's specified office.

By: ...........................................

(duly authorised)

                                      -39-
<PAGE>

                                    EXHIBIT B

                          FORM OF NOTICE OF ASSIGNMENT

To:      [

                                            ]

From:  The Bank of New York, as Trustee under the Deed of Charge referred to
       below.

       Barclaycard Funding PLC

Dear Sirs,

BARCLAYCARD FUNDING PLC (THE "DEBTOR")

We hereby give you notice that by a Series 02-1 MTN Supplement to a Security
Trust Deed and MTN Cash Management Agreement dated [___] 2002 and made between,
inter alios, the Trustee and the Debtor the following property (inter alia) has
been assigned by the Debtor to the Trustee on behalf of the Secured Creditors
identified therein.

Assigned Property:      All the Debtors' rights, title, interest and benefit
                        present and future in and to and under the [name of
                        Agreement] dated today and made between [name of
                        parties] including without limitation all rights to
                        receive payment of any amount which may become payable
                        to the Issuer thereunder or payments received by the
                        Issuer thereunder or rights to serve notice and/or to
                        take such steps as are required to cause payments to
                        become due and payable thereunder and all rights of
                        action in respect of any breach thereof and all rights
                        to receive damages or obtain other relief in respect
                        thereof (the "COLLATERAL").

Words and expressions defined in or incorporated by reference into the Series
02-1 MTN Supplement and the Security Trust Deed and MTN Cash Management
Agreement shall, unless expressly defined herein or unless the context otherwise
requires bear the same meaning in this Notice.

A copy of each of the Series 02-1 MTN Supplement and the Security Trust Deed and
MTN Cash Management Agreement is attached to this Notice. Henceforth the
provisions contained therein shall apply to the aforesaid property assigned by
the Debtor pursuant to the Series 02-1 MTN Supplement and the Security Trust
Deed and MTN Cash Management Agreement.

This notice is not capable of revocation by the Debtor. Please acknowledge
receipt of this Notice by signing the enclosed duplicate of this Notice.

                                      -40-
<PAGE>

This Notice shall be governed by and construed in accordance with Jersey law.

Yours faithfully,

....................................

for and on behalf of the Trustee

....................................

Barclaycard Funding PLC

ACKNOWLEDGEMENT AND ACCEPTANCE

We acknowledge receipt of this Notice and accept the provisions contained
herein. We confirm as follows:

1.    Other than as set out in the [relevant agreement] we do not have, and will
      not make or exercise, any claims or demands, any rights of counterclaim,
      rights of set-off or any other rights against the Debtor in respect of the
      Collateral or any part thereof; and

2.    We have not, as of the date hereof, received any notice that any third
      party has or will have any right or interest whatsoever in or has made or
      will be making any claim or demand or taking any action whatsoever against
      the Collateral or any part thereof.

We undertake that, in the event of our becoming aware at any time that any
person or entity other than the Trustee (as agent for the Secured Creditors) has
or will have any right or interest whatsoever in or has or will be making any
claim or demand or taking any action whatsoever against the Collateral or any
part thereof, we will immediately give written notice of any of the terms of
such right or interest, claim or demand or action to both the Trustee and the
Debtor.

...........................................

[                       ]

Date .....................................

                                      -41-

<PAGE>

<TABLE>
<S>                                                    <C>
ISSUER

EXECUTED as a Deed by                                )
BARCLAYCARD FUNDING PLC                              )
by its duly authorised attorney in the presence of:  )

INITIAL TRANSFEROR

EXECUTED as a Deed by                                )
BARCLAYS BANK PLC                                    )
acting by its duly authorised attorney               )
in the presence of:                                  )

TRUSTEE

EXECUTED as a Deed by                                )
THE BANK OF NEW YORK                                 )
acting by its duly authorised                        )
attorney in the presence of

RECEIVABLES TRUSTEE

EXECUTED as a Deed by                                )
GRACECHURCH RECEIVABLES                              )
TRUSTEE LIMITED                                      )
acting by its duly authorised signatory              )

                                                        PROCESS AGENT

                                                        Clifford Chance Secretaries Limited
                                                        200 Aldersgate Street
                                                        London EC1A 4JJ

MTN CASH MANAGER

EXECUTED as a Deed by                                )
BARCLAYS BANK PLC                                    )
acting by its duly authorised attorney               )
</TABLE>

                                      -42-

--------

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