[CYPRUS STOCK EXCHANGE]    12/03/96           
                     [INVESTMENT AND INSURANCE CO]                            
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 MIN (0.80)      1.15T    1.10    1.13    1.12  1000   1000       1.150   0.350 
 CYT             1.91T    1.96    1.97    1.95  2000   20462      2.150   0.630 
 CYT WAR95/98    1.16T    1.20    1.25    1.21  2000   10500      1.300   0.400 
 ERA             2.20T    2.21    2255    2.231 5000   5000       2.340   0.501 
 ERA (0.50)       .       1.70     .       .                      1.840   0.320 
 ERA WR95/97      .       1.30     .       .                      1.440   0.490 
 EUROINVST FIN   1.40T    1.37    1.40    1.36  1000   1000       1.560   0.430 
 PAN             3.06T    3.07    3.08    3.09  1000   16700      3.440   1.204 
 PAN  (0.30)     2.45T    2.46    2.54     .                      2.630   0.264 
 PAN WAR92/96     .       5.10     .       .                      5.860   0.580 
 INTERAMERICAN   3.65T    3.70    3.75    3.69  2000   10826      3.810   1.900 
 INTERAM(X-DIV   3.55T    3.66    3.67    3.66  1000   28065      3.080   3.250 
 LIBERTY LIFE    0.93T    0.92    0.93    0.93  3000   6000       0.990   0.620 
 LIBERTY(0.40)   0.74T    0.74    0.75    0.75  1000   1000       0.790   0.480 
 LIBERTY WR      0.54T    0.55    0.57     .                      0.580   0.290