NEARLY $500,000,000 IN STATE OF ISRAEL BONDS HELD BY BONDHOLDERS THROUGHOUT THE UNITED STATES WILL MATURE IN 2003. ARE ANY OF THEM YOURS? Now more than ever it is vital to send a message to the world that Israel does not stand alone in its struggle against hatred and terrorism. Reinvesting your matured Israel bonds is a good way to send that message. FOR ISRAEL'S FUTUR Call your local Israel Bonds office to find out about your reinvestment options or for information about current investment instruments and rates. Development Corporation for Israel J ISRAEL BONDS Member NASD, SIPC Development Corporation for Israel/State of Israel Bonds 29777 Telegraph Road, Suite 2440 • Southfield, MI 48034-1303 248-352-6555 • 888-352-6556 • fax:248-352-7887 wvv-w.israelbonds.com This is not an offering, which can be made only by prospectus. Read it carefully before investing. Z14 4/ 4 2003 21