RNS No 3858d
ADELAIDE BANK LIMITED
3rd June 1998


To:    Company Announcements Office

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

Issue:              Adelaide Bank Limited (MTN) US$750,000,000
                    FRN Due 5/6/2001 - Series 4

ISIN NO:            XS0087933957
Issue Nominal:      $17,500,000
Period:             05-Jun-98           To    08-Sep-98
Number of Days:     95
Rate:               5.9375              PCT
Denomination:       $100,000
Amount Payable      
Per Denomination:   $1,566.84


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


END


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