RNS No 9886h 
DEPFA-BANK EUROPE PLC

FROM: 23/12/97

46) JPY 1,000,000,000 1.80% Notes due 28/6/2000     

FULLY PAID
(Represented by Notes to Bearer of JPY 100,000,000 each)

(REGISTERED)

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 OCBCBPDDDPBB
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