[CYPRUS STOCK EXCHANGE]     09/02/96           
                  [INVESTMENT AND INSURANCE CO]                            
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 MIN (0.80)       .       1.12    1.14     .                      1.150   0.350 
 CYT             2.01T    2.03    2.04    2.05  3000   8500       2.070   0.630 
 CYT WAR95/98    1.14T    1.21    1.22    1.21  1000   23800      1.150   0.400 
 ERA              .       2.15    2.30    2.20  1350   1850       2.160   0.501 
 ERA (0.50)       .       1.70    1.85    1.72  1666   1666       1.700   0.320 
 ERA WR95/97      .       1.25     .       .                      1.150   0.490 
 PHILIKI INVST   1.43T    1.41    1.42    1.42  1000   2000       1.560   0.430 
 PAN             3.24T    3.22    3.23    3.23  2000   6500       3.440   1.204 
 PAN  (0.30)     2.50T    2.51    2.52    2.51  2000   19000      2.620   0.264 
 PAN WAR92/96     .       5.41    5.50    5.50  2000   2000       5.650   0.580 
 INTERAMERICAN    .       3.24    3.29     .                      3.420   1.900 
 INTERAM(1.40)   2.79T    2.88    2.90    2.84  2000   22135      3.010   1.450 
 LIBERTY LIFE    0.97T    0.96    0.97    0.97  2000   2000       0.990   0.620 
 LIBERTY(0.40)   0.73T    0.74    0.79     .                      0.790   0.480 
 LIBERTY WR       .       0.54    0.59     .                      0.570   0.290