RNS No 1138p
GESB PLC

Document Re: 

          AMBAC ASSURANCE CORPORATION AND SUBSIDIARIES
   (a wholly owned subsidiary of Ambac Financial Group, Inc.)

         Consolidated Unaudited Financial Statements

          As of March 31, 1999 and December 31, 1998
      and for the Periods Ended March 31, 1999 and 1998


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

END

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