10JS Cred Ag Co 22

RNS No 0989x
ISRAEL FUND PLC



                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

    ISRAEL FUND PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

    BARCLAY BANK PLC

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

N/A

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

    UNIT TRUST NOMINEES LTD
    12,000,000

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

    ORDINARY $0.10

10) Date of transaction

N/A

11) Date company informed

    28.11.97

12) Total holding following this notification

    12,000,000

13) Total percentage holding of issued class following this notification

    7.84%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

    WILLIAM AITKEN
    0131 225 1357

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification..28 NOVEMBER 1997......


END


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