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.

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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