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                 0.7207
      Austria      Schilling              9.8397
      Belgium      Franc                  28.7600
      Brazil       Real                   0.9190
      Canada       Dollar                 1.3763
      China,       P.R.Yuan               8.3218
      Denmark      Krone                  5.4660
      European     Curr Unit       ECU    1.3200
      Finland      arkka                  4.3180
      France       Franc                  4.8990
      Germany      Mark                   1.3991
      Greece       Drachma                226.8700
      Hong Kong    Dollar                 7.7355
      India        upee                   31.380
      Ireland      Pound                  6260
      Israel       Shekel                 N/A
      Italy        Lira                   1636.000
      Japan        Yen                    84.65
      Malaysia     Dollar                 2.439
      Mexico       Peso                   6.255
      Netherlands  Guilder                5668
      New Zealand  Dollar                 0.6705
      Norway       Krone                  6.234
      Philippines  Pesos                  N/A
      Portugal     Escudo                 147.650
      Singapore    Dollar                 1.3997
      South Africa Rand                   3.649
      South Korea  Wo                     763.50
      Spain        Peseta                 121.530
      Sri Lanka    Rupee                  50.450
      Sweden       Krona                  7.2770
      Switzerland  Franc                  1.1580
      Taiwan       N.T. Dollar            25.8400
      Thailand     Baht                   24.6800
      United Kingdom Pound                1.5998
      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 ofNew 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 bereliable but this bank does not guarantee their
accuracy, completeness or correctness.