1 A BON
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Investing in Israel bonds for your

IRA

represents more than

adding an attractive security to your retirement portfolio. It's

also a significant means of providing Israel with

development capital for a new era of economic opportunity.

Investment..

By purchasing Israel bonds

for your year-end

IRA

contribution, you can make a simultaneous investment in

two futures—Israel's and your own.

Futures.

To learn more about instruments that build both your

retirement fund and Israel's economy, contact your local

Israel Bonds office.

Fifth Individual Variable Rate Issue (IVRI) Bond

Fourth Zero Coupon Bond

Current annual interest rate for bonds purchased through
April, 1996.

Effective yield to maturity and current price of $3,042 for
bonds purchased through January 24, 1996.

Matures: 12 years from issue date.

Matures: January 31, 2006 at $6,000.

6.875%

6.85%

Minimum Subscription: $5,000
($2,500 or $2,000 for IRAs only).

29201 Telegra ph Road • Suite 324
Southfield, MI 48034-7654

This is not an offering, which can be made only by prospectus from:

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Development Corporation For Israel

ISRAELBONDS

JER1A6

810-352-6555

Fax: 810-352-7887