REINVESTMENT

Advance reinvestments* possible

for unmatured 4% Bonds purchased anytime in
1984 or 1985.

*The State of Israel will grant you credit for the full maturity
value, provided that additional funds are added to purchase a
Seventh Development Issue, Floating Rate Issue or
Jubilee Issue Bond of a higher denomination.

Call

(240] 352-e55s or [600] 352-0550 for

information
about these and other available investments.

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

Development Corporation for Israel
29201 Telegraph Road, Suite 324
Southfield, Michigan 48034-7654