RNS No 2719V
ADELAIDE BANK
21st April 1998




To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
21-Apr-98.

Issue:    Adelaide Bank (MTN) - Series 3
          US $7,000,000 FRN Due 23/4/2001

ISIN NO:  XS0086567111
Issue Nominal:      $7,000,000
Period:             23-Apr-98           To    23-Oct-98
Number of Days:     183
Rate:               5.99609             PCT
Denomination:       $100,000
Amount Payable      
Per Denomination:   $3,048.01


From:
John Patten
Global Trust Services, 380B
Telephone           44 (0) 1202 347935
Facsimile           44 (0) 1202 347939


END



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