Bear Stearns Co



                   Bear Stearns Co Series 1549 CHF 11,750,000
                        Due 13 April 2015 - XS0278568968

Please be advised there has been a repurchase of CHF 28,000 on 14 November 2007
on the above issue. The remaining balance is therefore CHF 11,722,000

Please amend your records accordingly.


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