Date: November  03, 1995                            
                                                                                
                        FEDERAL RESERVE BANK OF NEW YORK                        
                                                                                
                           Value of Foreign Currencies                          
    ------------------------------------------------------------------------    
                                                                                
                                                 Noon Buying Rates for Cable    
                                                 Transfer in N.Y. Value in      
      Country                 Monetary Unit      Foreign Currency Units         
      -------                 -------------      ---------------------------    
    * Australia               Dollar                 0.7580                     
      Austria                 Schilling              9.9594                     
      Belgium                 Franc                 29.1000                     
      Brazil                  Real                   0.9621                
      Canada                  Dollar                 1.3477                     
      China, P.R.             Yuan                   8.3347                     
      Denmark                 Krone                  5.4815                     
    * European Curr Unit      ECU                    1.2944                     
      Finland                 Markka                 4.3815                     
      France                  Franc                  4.8875                     
      Germany                 Mark                   1.4151                     
      Greece                  Drachma              233.4600                     
      Hong Kong               Dollar                 7.7330                     
      India                   Rupee                 34.7000                     
    * Ireland                 Pound                  1.6150                     
      Israel                  Shekel                 N/A                        
      Italy                   Lira                1586.9900                     
      Japan                   Yen                  103.8800                     
      Malaysia                Dollar                 2.5454                     
      Mexico                  Peso                   7.6600                
    * New Zealand             Dollar                 0.6545                     
      Norway                  Krone                  6.2450                     
      Philippines             Pesos                  N/A                        
      Portugal                Escudo               148.4800                     
      Singapore               Dollar                 1.4120                     
      South Africa            Rand                   3.6465                     
      South Korea             Won                  771.7000                     
      Spain                   Peseta               121.9900                     
      Sri Lanka               Rupee                 53.5000                     
      Sweden                  Krona                  6.6400                     
      Switzerland             Franc                  1.1375                     
      Taiwan                  N.T. Dollar           27.2400                     
      Thailand                Baht                  25.2400                     
    * United Kingdom          Pound                  1.5805                     
      Venezuela               Bolivar              170.0000                     
                                                                                
    * Value in U.S. Dollars       

                                                                                
      The noon buying rates in New York for cable transfers payable in          
      foreign currencies are certified by the Federal Reserve Bank of           
      New York for customs purposes, as required by Section 522 of the          
      amended Tariff Act of 1930.  The information is based on data             
      collected by the federal Reserve Bank of New York from a sample           
      of market participants and is intended only for informational             
      purposes.  The data were obtained from sources believed to be             
      reliable but this bank does not guarantee their accuracy,                 
      completeness or correctness.                                              
.