RNS No 9941q
PACIFIC DUNLOP LD

FROM: 7-7-97

        $10,000,000 FLOATING RATE NOTES DUE: 7-7-2000

        FULLY PAID
        (REPRESENTED BY NOTES TO BEARER OF: $10,000 EACH)

        IP 99.958 %

        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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