State of Israel Bonds
wishes the community
a happy and healthy
Hofy Day Season

and invites you to celebrate the
50th Anniversary of Israel's Independence
with a commitment to Israel's future.

p,I I N G 1

p1

‘),,

SO

SO

41/4-

7,9

co

ANI•1 0

ISRAEL AT

50:

FREEDOM & ECONOMIC STRENGTH

Development Corporation for Israel • State of Israel Bonds
29201 Telegraph Road • Suite 324
Southfield, MI 48034

248-352-6555 or 888-352-6556

9/26

1997

98

This is not a offering, which can be made only by prospectus. Read it carefully before investing.

Member NASD, SIPC

