Don't Let This One
Get Away!

The 7.50%* 4th Zero Coupon Bond

Catch this rate through July 24, 1996.

Effective Yield to Maturity and Current Purchase Price of $2,854 for Bonds Purchased Through July 24, 1996.
Matures at $6,000, 10 years from issue date (last day of Sales Quarter in which subscription is accepted by Fiscal Agent).

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* Yield To Maturity

Israel Bonds. Good For You... Good For Israel

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

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Development Corporation For Israel

ISRAF1BONDS

29201 Telegraph Road • Suite 324
Southfield, MI 48034-7654

810-352-6555

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