54NV Dp World 30 U

RNS No 9301f
NAPLES (PROVINCE OF)


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
25/05/1999.

Issue:                  Province of Naples - Series 1
                        EUR33,714,000 (MTN) FRN Due 27/5/2014

ISIN NO:                XS0097828189    Payment Date   29/11/1999
Issue Nominal EUR:      33,714,000.00
Period:                 27/05/1999     To        29/11/1999
Number of Days:         186
Rate:                   2.786               
Denomination EUR:       1,000.00
Amount Payable          
Per Denomination:       14.39


From:
Jane Slate                              Telephone  44 (0) 1202 34 1286
Capital Markets Fiduciary Services      Facsimile  44 (0) 1202 34 7939


END

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