The Barclays Scottish Open will take place at Loch Lomond Golf Club, Glasgow, Scotland, from July 11-14, 2002.
Prize money for the competition will be EUR3.6m ($3.3m) with a first prize of EUR550,000 ($478,000).
Ken Schofield, executive director of The European Tour, said: "We are delighted to welcome Barclays Bank PLC to our family of sponsors and specifically as title sponsors of The Scottish Open. Barclays are making a significant investment, for which we thank them.
"The Scottish Open is without question one of the elite events on The European Tour International schedule and Loch Lomond Golf Club has swiftly and deservedly been recognised as one of the great courses in the world."
