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STATE OF ISRAEL BONDS SALES APPROACH $1 BILLION FOR 1991; LANDMARK ACHIEVEMENT IS MOST SUCCESSFUL CAMPAIGN IN ORGANIZATION'S HISTORY

 STATE OF ISRAEL BONDS SALES APPROACH $1 BILLION FOR 1991; LANDMARK
 ACHIEVEMENT IS MOST SUCCESSFUL CAMPAIGN IN ORGANIZATION'S HISTORY
 NEW YORK, Jan. 9 /PRNewswire/ -- The 1991 State of Israel Bonds campaign closed the books on the most successful year in its history, realizing $993 million in worldwide sales, it was announced today by Israel Bonds President and CEO Ambassador Meir Rosenne and National Campaign Chairman Michael Siegal. The results exceeded last year's record campaign by more than $250 million.
 Rosenne hailed the sale of approximately $1 billion in investments through Israel Bonds as "a landmark achievement, one that will be looked upon as one of the most remarkable outpourings of support for Israel since the creation of the state."
 Describing 1991 as "an extraordinary year for Israel that mandated extraordinary support from her friends and supporters the world over," Rosenne said, "This historic and gratifying accomplishment is indicative of the widespread understanding of the exceptional importance of Israel Bonds as a boost to both the economy of Israel and the morale of its people."
 The campaign got off to an accelerated start in January when, in reaction to the outbreak of hostilities in the Persian Gulf, the Israel Bonds organization launched an intensive emergency effort which resulted in $131 million in just two weeks. The momentum generated by this emergency campaign continued to bring in record Israel Bonds results even after the cessation of the war against Iraq.
 Siegal said, "The danger Israel faced as a result of the Gulf War, coupled with the emotion and drama of Soviet and Ethiopian Jews seeking new lives in the Jewish homeland, triggered an outpouring of support that thousands of Jews and non-Jews alike chose to express through the purchase of Israel Bonds."
 Siegal continued, "At a time when Israel is looking for outside support to help provide essential economic resources for housing and jobs for its new immigrants, our $1 billion campaign represents a significant level of assistance to the nation's absorption efforts."
 Israel's Minister of Finance has announced that all proceeds realized from 1991 bond sales will be utilized exclusively for immigrant absorption.
 Siegal also noted, "Israel Bonds offers securities that pay attractive yields in these times of falling interest rates and provides important benefits not only to Israel, but to bonds purchasers as well. In fact, the prime rate's drop to 6.50 percent makes Israel's Variable Rate Issue Bond a full percentage point above prime (a 7.50 percent minimum guaranteed). The Zero Coupon Bond is also an attractive investment because it now offers 7.20 percent. Israel has always paid principal and interest even in times of war -- for the last 40 years."
 Rosenne, expressing his appreciation to the leadership of the Israel Bonds campaign, said, "On both the national and local levels, your dedication and commitment to Israel were invaluable and indispensable assets in realizing our goals. I would also like to thank the hundreds of participating synagogues in the U.S. and Canada for the vital role they played in securing Israel Bonds sales throughout the year. The outstanding devotion of the members of the new leadership division guarantees the success of bonds in future generations to come," said Rosenne.
 Rosenne added, "With or without help from others, we must make sure that no Jew is ever prevented from gaining freedom because of lack of funds. Our answer to anti-Semitism the world over is in making sure that Israel remains strong and prosperous."
 Since its inception in 1951, State of Israel Bonds has mobilized approximately $12 billion in investment capital for the development of every aspect of Israel's economy, including agriculture, commerce and industry. Now, with hundreds of thousands of Jews arriving from the Soviet Union, bond proceeds are being utilized to provide jobs and homes for these, Ethiopian and other immigrants.
 -0- 1/9/92
 /CONTACT: Mark E. Benson of State of Israel Bonds, 212-677-9650/ CO: State of Israel Bonds ST: New York IN: SU:


KD-CK -- NY044 -- 8268 01/09/92 13:56 EST
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Date:Jan 9, 1992
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