PIE111) 11‘3 1111)1111 1 1 11111t/ BARIBAT MIT/ A AN NEW BARI ! C Celebrate simchas and other special occasions with the new State of Israel $1•30 Mazel Toy Bond. An ideal way to commemorate the great moments in life while building Israel's future. Purchase Price: $100 per unit. Matures 5 years from issue date at $120, representing an interest rate of 3.7%. This interest rate is effective through Tune 30, 2004. Owner receives an attractive certificate suitable for framing. Must be registered in the name of an individual (custodian for a minor), or jointly in the names. of no more than two individuals. Non-transferrable. Not eligible for early redemption. Development Corporation for Israel ISRAEL BONDS Member NASD, SIPC . ; ANNIVERSARIES GRADUATION' NEW PROMOTION This is not an offering, which can be made only by prospectus. Read it carefully before investing. Development Corporation for Israel/State of Israel Bonds 29777 Telegraph Road #2440 • Southfield, MI 48034-7667 248-352-6555 • 888-352-6556 www.israelbonds.com 'NT 3/19 2004 9,3950 11C