17JC Hungary 31 U

RNS No 1289c
ITOCHU FINANCE (EUROPE) PLC
26th March 1998

AMENDMENT

RE:     ITOCHU FINANCE (EUROPE) PLC
        SERIES NO:161
        JPY1,000,000,000
        DUE MARCH 2002
        COMMON CODE: 7420153
------------------------------------------------------------
PLEASE IGNORE THE PREVIOUS TELEX SENT ON 25 MARCH.  THIS ISSUE
HAS BEEN CALLED ON 29 SEPTEMBER 1997.
===================================

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR
THE PERIOD 27 MARCH 1998 TO 28 SEPTEMBER 1998 HAS BEEN FIXED
AT 2.75391PCT (TWO SPOT SEVEN FIVE THREE NINE ONE PER CENT).

THE AMOUNT PAYABLE PER 100,000,000 JPY DENOMINATION ON
28 SEPTEMBER 1998 WILL BE JPY 1,415,204 (ONE MILLION FOUR
HUNDRED AND FIFTEEN THOUSAND, TWO HUNDRED AND FOUR YEN).

THIS AMOUNT HAS BEEN COMPUTED ON THE ACTUAL NUMBER OF DAYS
ELAPSED (185) DIVIDED BY 360.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
44 171 500 01460150.


RATE FIX DESK
CITIBANK N.A. LONDON


END

RC NFPDKAFLPEFN

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