48GH Investec Bnk 24

RNS No 7885b
BANK OF WESTERN AUSTRALIA LTD

FROM: 2-7-97

ISSUER: BANK OF WESTERN AUSTRALIA LTD

        3106)  ITL75,000,000,000 RANGE ACCRUAL INSTRUMENTS DUE 30/11/98

        FULLY PAID
        (REPRESENTED BY NOTES TO BEARER OF: ITL5,000,000 EACH)

        IP 100 %

        ISSUER: J P MORGAN

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

END

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