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

Member NASD, SIPC

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

10/10
2003

32

Development. Corporation for Israel
29777 Telegraph Road, Suite 2440 - Southfield, MI 48034-1303
248-352-6555 888-352-6556 fax:248-352-7887
www.israelbonds.corn