SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 	)*


             RateXchange Corporation

(Name of Issuer)

           Common Stock, $0.0001 par value

(Title of Class of Securities)

			     754091106

(CUSIP Number)

Barry W. Blank, PO Box 32056, Phoenix,
Arizona 85064, (602) 870-0004
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications)

						November 26,
2001
(Date of Event which Requires Filing of
this Statement)

If the filing person has previously filed
a statement on Schedule 13G to report the
acquisition which is the subject of this
Schedule 13D, and is filing this schedule
because of Rule 13d-1(b)(3) or (4), check
the following box  [  ].

Note:  if a paper filing is being made,
six copies of this statement, including
all exhibits, should be filed with the
Commission.  See Rule 13d-1(a) for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be
filled out for a reporting person's
initial filing on this form with respect
to the subject class of securities, and
for any subsequent amendment containing
any information which would alter
disclosures provided in a prior cover
page.

The information required on the remainder
of this cover page shall not be deemed to
be "filed" for the purposes of Section 18
of the Securities Exchange Act of 1934
("Act") or otherwise subject to the
liabilities of that section of the Act but
shall be subject to all other provisions
of the Act (however, see the Notes).




SCHEDULE 13D


C
U
S
I
P

N
o
..

7
5
4
0
9
1
1
0
6


P
a
g
e

2

o
f

5

P
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e
s



1


NAME OF REPORTING PERSON
Barry W. Blank
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON


2

CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*			(a) [  ]
			(b) [  ]


3

SEC USE ONLY

4

SOURCE OF FUNDS*
PF

5

CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E)    [ ]

6
CITIZENSHIP OR PLACE OF
ORGANIZATION
USA

N
U
M
B
E
R

O
F

7
SOLE VOTING POWER
1,254,899 shares
of Common Stock
S
H
A
R
E
S
B
E
N
E
F
I
C
I
A
L
L
Y

8
SHARED VOTING
POWER
None
O
W
N
E
D

B
Y

R
E
P
O
R
T
I
N
G


9
SOLE DISPOSITIVE
POWER
1,254,899 shares
of Common Stock
P
E
R
S
O
N

W
I
T
H
1
0
SHARED
DISPOSITIVE POWER
None
1
1
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY REPORTING PERSON
1,254,899 shares of Common Stock
1
2
CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN
SHARES*		     [ ]
1
3
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
5.4%
1
4

TYPE OF REPORTING PERSON*
IN

*SEE INSTRUCTIONS BEFORE FILLING OUT




Item 1.	Security and Issuer.

The title and class of equity securities
to which this statement relates are:

			Common Stock, $0.0001 par
value.

The name, address and the principal
executive offices of the issuer of such
securities are:

RateXchange Corporation
100 Pine Street
Suite 500
San Francisco, California
94111-5101

Item 2.	Identity and Background.

	(a)	The name of the reporting
person is Barry W. Blank.

	(b)	Mr. Blank's address is:

PO Box 32056
Phoenix, Arizona 85064

	(c)	Mr. Blank is a registered
representative employed by Murphy &
Durieu, a member of the New York Stock
Exchange, 1661 East Camelback Road, Suite
201, Phoenix, Arizona 85016.

	(d)	During the last five years Mr.
Blank has not been convicted in a criminal
proceeding.

	(e)	 During the last five years
Mr. Blank was not a party to a civil
proceeding of a judicial or administrative
body of competent jurisdiction and as a
result of such proceeding was or is not
subject to a judgment, decree or final
order enjoining future violations of, or
prohibiting or mandating activities
subject to, federal or state securities
laws or finding any violation with respect
to such laws.

	(f)	Mr. Blank is a citizen of the
United States.

Item 3.	Source and Amount of Funds or
Other Consideration.

Mr. Blank purchased six units from the
issuer in a private financing on November
26, 2002 and, in connection with his
participation in assisting the issuer in
marketing the units as an employee of the
placement agent, received two and one half
placement agent warrants.  These
securities are currently convertible
and/or exercisable for an aggregate of
1,254,899 shares of the issuer's common
stock (the "Common Stock") as described
herein.  Each unit cost $50,000 and
consists of (i) a subordinated convertible
note in the principal amount of $50,000
currently convertible into Common Stock at
the rate of $0.37 per share, and (ii)
currently exercisable warrants to purchase
12,500 shares of Common Stock at a price
of $0.37 per share.  Each placement agent
warrant currently permits Mr. Blank to
purchase, at a price of $60,000, an
aggregate of 135,135 shares of Common
Stock and warrants to purchase an
aggregate of 12,500 shares of Common Stock
at a price of $0.37 per share.
Accordingly, Mr. Blank owns a note that is
currently convertible into an aggregate of
810,811 shares of Common Stock and
warrants that are currently exercisable
for an aggregate of 444,088 shares of
Common Stock.  These securities were
purchased by the Barry W. Blank Trust.
Mr. Blank is the Trustee and the
beneficiary of this Trust.

The source of the funds for Mr. Blank's
purchases was personal funds, none of
which is represented by funds or other
consideration borrowed or otherwise
obtained for the purpose of acquiring,
holding, trading or voting the securities,
or by a loan from a bank in the ordinary
course of business.

Item 4.	Purpose of Transaction.

Mr. Blank acquired the subject securities
for purposes of investment and future
sale.  He has no plans or proposals that
relate to or would result in:

	(a) The acquisition by any person of
additional securities of the issuer, or
the disposition of such securities, except
that he may acquire additional securities
or dispose of securities of the issuer
depending upon the then current business
conditions of the issuer and the economy
in general;

	(b) An extraordinary corporate
transaction, such as a merger,
reorganization or liquidation, involving
the issuer or any of its subsidiaries;

	(c) A sale or transfer of a material
amount of assets of the issuer or any of
its subsidiaries;

	(d)  Any change in the current board
of directors and management of the issuer,
including any plans or proposals to change
the number or term of directors or to fill
any existing vacancies on the board;

	(e)  Any material change in the
current capitalization or dividend policy
of the issuer;

	(f)  Any material change in the
issuer's business or corporate structure;

	(g)  Changes in the issuer's charter,
bylaws or instruments corresponding
thereto or other actions, which may impede
the acquisition of control of the issuer
by any person;

	(h)  Causing a class of securities of
the issuer to be delisted from a national
securities exchange or to cease to be
authorized to be quoted in an inter-dealer
quotation system of a registered national
securities association;

	(i)  A class of equity securities of
the issuer becoming eligible for
termination of registration pursuant to
Section 12 (g) (4) of the Securities
Exchange Act of 1934; or

	(j)  Any action similar to those
enumerated above.

Item 5.	Interest in Securities of the
Issuer.

			(a)  Mr. Blank owns, through
his Trust, a note which is currently
convertible 810,811 shares of Common Stock
and warrants which are currently
exercisable for the purchase of 444,088
shares of Common Stock, or an aggregate of
1,254,899 shares, which currently
represent approximately 5.4% of the
outstanding shares of the Common Stock.
This amount excludes any securities that
may be owned by Mr. Blank's customers in
which he has no beneficial or other
interest and over which he has no voting
or dispositive power.

			(b)  Mr. Blank has the sole
power to vote, direct the vote, dispose
and direct the disposition of all of the
issuer's securities that he owns and the
shares of Common Stock into which these
securities are convertible or for which
they are exercisable.  He does not share
with anyone the power to vote, direct the
vote, dispose or direct the disposition of
any other shares or the Common Stock.

			(c)  Mr. Blank has made no
purchases or sales of the Common Stock
within the past 60 days except as set
forth herein.

			(d)  No person other than Mr.
Blank has the right to receive or the
power to direct the receipt of dividends
from, or the proceeds from the sale of the
issuer's securities that he owns or the
1,254,899 shares of Common Stock into
which these securities are convertible or
for which they are exercisable.

			(e)  Not applicable.

Item 6.	Contracts, Arrangements,
Understandings or
Relationships with Respect to
Securities of the Issuer.

Mr. Blank is not a party to contracts,
agreements, understandings or
relationships (legal or otherwise) with
respect to any securities of the issuer,
including but not limited to transfer or
voting of any of the securities, finder's
fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of
profits, division of profits or loss, or
the giving or withholding of proxies.

Item 7.	Material to be Filed as
Exhibits.

None.

Signature.

After reasonable inquiry and to the best
of my knowledge and belief, I certify that
the information set forth in this
statement with respect to me is true,
complete and correct.

Dated:	June    , 2002



S/BARRY W. BLANK
Barry W. Blank


CUSIP No. 754091106


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