Round the Flag
Celebrate Israel
Independence Day
with the purchase of the
$100 State of Israel
Illazel Toy Bond.
for your children ...
for your trandchildren
for the people of lsrae
Purchase Price: sioo per unit.
.Matures 5 years from issue date at $120, representing
an interest rate of 3.7%. This interest rate is effective
through June 3o, 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.
This is not an offering, which can be made only by prospectus.
Read it carefully before investing.
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Development Corporation for Israel
State of Israel Bonds
29777 Telegraph Road, Suite 244o
Southfield, MI 48034-7667
2 4 8- 35 2-6 555 .888- 35 2-6 55 6
www.israelbonds.com
4/16
2004
28
831160