ISRAEL BONDS... GOOD FOR YOU. GOOD FOR ISRAEL. ECONOMIC DEVELOPMENT ISSUE (EDI) BOND 7.80% Fixed Annual Interest Rate for Bonds Purchased through October 21, 1994 • Early redemption privileges available. • Matures: May 31, 2004 Minimum subscription: $25,000 ZERO COUPON BOND 8.00% Effective Yield to Maturity for Bonds Purchased through October 21, 1994 • Matures at $6,000 on October 31, 2003. The price of each bond purchased through October 21, 1994 is $2,941 $250 STATE OF ISRAEL CERTIFICATE • A certificate held at least 1 year can be redeemed in Israel for Israeli currency or used toward payment of El Al Israel Airlines tickets for flights to and from provisions. • Matures: 5 years from issue date. This is not an offering, which can be made onl y by prospectus from: Development Corporation For Israel 29201 Telegraph Road Suite 324 Southfield, MI 48034-7654 PHONE: (810) 352-6555 FAX: (810) 352-7887