[CYPRUS STOCK EXCHANGE]    11/03/96           
                       [INVESTMENT AND INSURANCE CO]                            
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 MIN (0.80)       .       1.10    1.13    1.15  500    2500       1.150   0.350 
 CYT             2.00T    1.91    1.92    1.91  2000   43900      2.150   0.630 
 CYT WAR95/98    1.17T    1.16     .      1.16  2000   35500      1.300   0.400 
 ERA              .       2.15    2.20    2.20  500    500        2.340   0.501 
 ERA (0.50)       .       1.67    1.80     .                      1.840   0.320 
 ERA WR95/97      .       1.27    1.39     .                      1.440   0.490 
 EUROINVST FIN   1.41T    1.39    1.42    1.40  2000   4000       1.560   0.430 
 PAN             3.12T    3.05    3.07    3.06  2000   17000      3.440   1.204 
 PAN  (0.30)     2.48T    2.45    2.49    2.45  1000   12000      2.630   0.264 
 PAN WAR92/96     .        .      5.20     .                      5.860   0.580 
 INTERAMERICAN   3.67T    3.60    3.69    3.65  2000   4500       3.420   1.900 
 INTERAM(X-DIV   3.70T    3.56    3.60    3.55  2000   6655       3.280   3.250 
 LIBERTY LIFE    0.95T    0.91    0.92    0.93  2000   8000       0.990   0.620 
 LIBERTY(0.40)    .       0.74    0.76    0.74  1240   1240       0.790   0.480 
 LIBERTY WR       .       0.53    0.55    0.54  2000   2000       0.580   0.290