RNS No 5136w
SUDWESTDEUTSCHE LANDESBANK GIROZENTRALE

From 29.6.98

75)  RUB100,000,000 Zero Coupon Notes due 19.9.2001
                    fully paid
                    (Represented by Notes to Bearer of RUB100,000 & RUB1,000,000
                     each)

(Registered)

Issue Price 28.38052%

Issuer J P Morgan

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

END


PS SEWFLMUAUFLM


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