RNS No 1630f
SUDWESTDEUTSCHE LANDESBANK CAPITAL MARKETS PLC


FROM:     18/2/98

3/98 ITL 400,000,000,000 STEP-DOWN FIXED RATE BONDS DUE 18/02/08

FULLY PAID
(Represented by Bonds to Bearer of ITL 5,000,000 & ITL 50,000,000  each)


(Registered)

Issue Price:        101.68%

Issuer:             JP MORGAN

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

END


PS SFDFIWUAUFLE


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