UShana Tova

from State of Israel Bonds

This High Holy Day season, reaffirm your
Jewish identity with a commitment to Israel.

Floating Rate Issue (FRI) Bond

6.00%

Zero Coupon Bond

7.50%

Current annual interest rate for bonds purchased through
October 1999. Bonds purchased in November will receive the
December 1 rate. Matures 10 years from issue date. Minimum
Subscription $5,000 ($2,500 or $2,000 for IRAs only).

Effective yield to maturity and current purchase price of $2,911
for bonds purchased through October 25, 1999. Matures at
$6,000 10 years from issue date (last day of Sales Period in which
subscription is accepted by Fiscal Agent).

Jubilee (Series A) Issue Bond

Development Issue Current Income Bond

6.60%

Fixed annual interest rate for bonds purchased through
October 25, 1999. Matures 5 years from issue date. Minimum
Subscription $25,000.

4.00% annual interest rate. $500 and increments of $500.
Matures 15 years from issue date.

Jubilee (Series B) Issue Bond

$500 and increments of $500. Matures 15 years from issue date at
180% of issue amount, resulting in an effective yield to maturity
of approximately 4.00%.

7.10%

Fixed annual interest rate for bonds purchased through
October 25, 1999. Matures 10 years from issue date. Minimum
Subscription $25,000.

Development Issue Savings Bond

Chai Bond

Purchase price of $136. Matures 5 years from issue date at $180.

This is not an offering, which can be made only by prospectus. Read it carefully before investing. Member NASD, SIPC

Development Corporation for Israel / State of Israel Bonds

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

248-352-6555 • 888-352-6556

www.israelbonds corn

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