Please be advised the following issue has been repurchased for EUR 6,342,500 on 3/11/08 
     Issuer: Bear Stearns - ISIN: XS0212215460 - Maturity Date: 24 Mar 2011 - O/S Nominal 141,980,000 
    The outstanding balance will therefore be EUR 141,980,000 
    Please amend your records accordingly.


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