RNS No 8569r 
DEPFA-BANK EUROPE PLC


FROM:      19-12-97     

CHF 100,000,000 2.61% NOTES DUE 26-2-98

FULLY PAID
(Represented by Notes to Bearer of CHF 50,000  each)


Issue Price:  100%      

Issuer:       CLIFFORD CHANCE      

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

END


PS OCFCPQDDDNBD
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