A bond for

4,

With your best interests at heart.

. GOOD FOR ISRAEL.

ECONOMIC DEVELOPMENT
ISSUE (EDI) BOND
,
,

7.70%

Fixed Annual Interest Rate
for Bonds Purchased
through April 19, 1995
• Early redemption privileges
available.
• Matures: April 30, 2005
Minimum subscription:
$25,000

ZERO COUPON BOND

$100 STATE OF ISRAEL
CERTIFICATE

This is not an offering, wliich can be made onl y by prospectus from:

Development Corporation For Israel

Effective Yield to Maturity
for Bonds Purchased
through April 19, 1995
• Matures at $6,000 on
January 31, 2005.
The price of each bond
purchased through April
19, 1995 is $2,745

• A certificate held at least
1 year can be redeemed in
Israel for $100 Israeli cur-
rency.

• Matures: 5 years from
issue date. Non-interest
bearing.

OR L

29201 Telegraph Road Suite 324
Southfield, MI 48034-7654

PHONE:

FAX:

(9 01 S52-
(810) 352-7887