[CYPRUS STOCK EXCHANGE]   15/02/96           
                    [INVESTMENT AND INSURANCE CO]                            
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 MIN (0.80)      1.17T    1.08    1.14    1.07  2000   2000       1.150   0.350 
 CYT             2.10T    2.13    2.14    2.13  1000   31000      2.100   0.630 
 CYT WAR95/98    1.27T    1.27    1.29    1.29  2000   4750       1.260   0.400 
 ERA             2.22T    2.27    2.30    2.25  1000   15000      2.220   0.501 
 ERA (0.50)      1.73T    1.77    1.80    1.80  1000   100        1.750   0.320 
 ERA WR95/97     1.28T    1.31    1.37    1.31  1851   17351      1.260   0.490 
 EUROINVST FIN   1.42T    1.40    1.42    1.42  6600   9600       1.560   0.430 
 PAN             3.18T    3.17    3.18    3.17  1782   34477      3.440   1.204 
 PAN  (0.30)     2.45T    2.40     .      2.40  2500   20633      2.630   0.264 
 PAN WAR92/96     .       5.16     .       .                      5.860   0.580 
 INTERAMERICAN   3.33T    3.33    3.35    3.33  1550   9550       3.420   1.900 
 INTERAM(1.40)    .       3.23     .       .                      3.600   0.940 
 LIBERTY LIFE     .       0.93    0.96    0.94  7000   10000      0.990   0.620 
 LIBERTY(0.40)    .       0.74    0.78     .                      0.790   0.480 
 LIBERTY WR       .       0.55    0.59    0.53  4058   4058       0.580   0.290