RNS No 9595e
SUDWESTDEUTSCHE LANDESBANK CAPITAL MARKETS PLC

FROM:  22.01.98

1) CZK5,000,000,000 16.25% GUARANTEED NOTES DUE 22.01.99

FULLY PAID

(REPRESENTED BY NOTES TO BEARER OF CZK25,000, CZK250,000 & CZK2,500,000 EACH)

REGISTERED

ISSUE PRICE         -         100.90%

ISSUER              -         J P MORGAN

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END


PS SEUFIFUAUFDF


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