RNS No 8934M
DEPFA-BANK EUROPE PLC


FROM 12/2/98

161) $750,000,000 FLOATING RATE INSTRUMENTS DUE 7/1/99

FULLY PAID

(Represented by Notes to Bearer of $100,000 each)

IP 100.10%

Issuer CLIFFORD CHANCE


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

END


PS FCDCDPDKDQBD
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