Please be advised the following issue has been repurchased for CHF 305,000 on 3/11/08 
     Issuer: Bear Stearns - ISIN: XS0291041746 - Maturity Date: 13 Jul 2015 - O/S Nominal 10,928,000 
    The outstanding balance will therefore be CHF 10,928,000 
    Please amend your records accordingly.


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