Abstract. Let Λ ⊂ R be a strictly increasing sequence. For r = 1,2 , we give a simple explicit expression for an equivalent norm on the trace spaces We also construct an interpolating spline of low degree having optimal norm up to a constant factor. This spline and the equivalent trace norm are very easy to compute. We also conjecture, what is the expression for the equivalent trace norm for any r 1 and give some partial results, which, in particular, confirm this conjecture.Mathematics subject classification (2010): Primary 46E35, Secondary 41A15, 58C25.