RNS No 3703k
DEPFA-BANK EUROPE PLC


FROM:  15/7/97

137) CHF25,000,000 1.65% Notes due 15/1/99

FULLY PAID

(Represented by Notes to Bearer of CHF100,000 each)

IP 100%

Issuer Bankers Trust Company


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

END
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