ISRAEL BO N
0 11 RA.

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.

By purchasing Israel bonds for your IRA, you can make

a simultaneous investment in two futures—Israel's and

your own.

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

6.50%

6.875%

Effective yield to maturity and current price of $3,199
for bonds purchased through April 24, 1996.

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

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

Matures: 12 years from issue date.

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

29201 Telegraph Road - Ste. 324
Southfield, MI 48034-7654

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

Development Corporation For Israel

ISRAELBONDS

JERUAI,M

0

810-352-6555

Fax: 810-352-7887