[CYPRUS STOCK EXCHANGE]  14/02/96              
                        [INVESTMENT AND INSURANCE CO]                            
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 MIN (0.80)       .       1.05    1.15     .                      1.150   0.350 
 CYT             2.10T    2.09    2.10    2.10  1000   5000       2.070   0.630 
 CYT WAR95/98    1.27T    1.26    1.27    1.27  5000   9000       1.220   0.400 
 ERA             2.24T    2.22    2.25    2.22  2000   2000       2.200   0.501 
 ERA (0.50)      1.75T    1.73    1.80    1.73  4000   4000       1.730   0.320 
 ERA WR95/97     1.30T    1.26    1.27    1.28  2000   3000       1.250   0.490 
 EUROINVST FIN   1.42T    1.41    1.45    1.42  5000   5000       1.560   0.430 
 PAN             3.19T    3.17    3.19    3.18  5000   10975      3.440   1.204 
 PAN  (0.30)     2.45T    2.43    2.45    2.45  2000   2000       2.630   0.264 
 PAN WAR92/96    5.45T    5.10     .       .                      5.860   0.580 
 INTERAMERICAN   3.37T    3.30    3.35    3.33  500    1500       3.420   1.900 
 INTERAM(1.40)   2.88T     .       .       .                      3.010   1.450 
 LIBERTY LIFE     .       0.95    0.96     .                      0.990   0.620 
 LIBERTY(0.40)    .       0.74    0.78     .                      0.790   0.480 
 LIBERTY WR       .       0.56    0.59     .                      0.580   0.290