RNS No 4983b
DEPFA-BANK EUROPE PLC


FROM 12-1-98

138) CAD 20,000,000 FLOATING RATE NOTES DUE 29-7-98
               FULLY PAID
               (Represented by Notes to Bearer of CAD 100,000 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 FCCCBQDKDBDK
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