10JS Cred Ag Co 22

RNS No. 3898A
THE ISRAEL FUND PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

    THE ISRAEL FUND PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

    BARCLAYS BANK PLC

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

N/A

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

    UNIT TRUST NOMINEES   10,400,000

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

    ORDINARY $0.10

10) Date of transaction

N/A

11) Date company informed

     8.12.97

12) Total holding following this notification

     10,400,000

13) Total percentage holding of issued class following this notification

    6.79%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

    WILLIAM AITKEN   -  0131 225 1357

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification...... 8.12.97  ..................


END


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