RNS No 8719m
SUDWESTDEUTSCHE LANDESBANK CAPITAL MARKETS PLC


FROM: 5/5/98

16) PLN 100,000,000 17.50% GUARANTEED NOTES DUE 5/5/03

FULLY PAID

(REPRESENTED BY NOTES TO BEARER OF PLN 5,000 EACH)

ISSUE PRICE         -         101.375%

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 SSUFIFUAUFFI
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