STATE OF ISRAEL ZER COUPON BOND Watch Your Investment GROW! •, • • • ","f"^"""*",„ Effective yield to maturity and current price of $3,203 for bonds purchased March 15 through April 26, 1999. Matures at $6,000 10 years from issue date (last day of Sales Period in which subscription is accepted by Fiscal Agent). Issue subject to availability. (1% ■ Available for long-term savings goals, including college education and retirement. • Available for your qualified pension plan (IRAs, Keoghs, etc.). This is not an offering. \vhich can be macle only by prospectus from: Development Corporation for Israel/State of Israel Bonds 29201 Telegraph Road, Suite 324 • Southfield MI 48034-7654 248-352-6555 www.israelbonds.com toll free 888-352 -6556 Member NASD, SIPC 4/16 1999 Detroit Jewish News 29