[CYPRUS STOCK EXCHANGE]       13/03/96
                   [INVESTMENT AND INSURANCE CO]                            
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 MIN (0.80)      1.12T    1.10    1.11     .                      1.150   0.350 
 CYT             1.95T    1.95    1.99    1.98  1000   19693      2.150   0.630 
 CYT WAR95/98    1.21T    1.20    1.23    1.22  1000   3000       1.300   0.400 
 ERA             2.23T    2.21    2.24    2.24  800    800        2.340   0.501 
 ERA (0.50)       .       1.72    1.85     .                      1.840   0.320 
 ERA WR95/97      .       1.31    1.43     .                      1.440   0.490 
 EUROINVST FIN   1.36T    1.36    1.38    1.38  1000   3000       1.560   0.430 
 PAN             3.09T    3.08    3.09    3.10  800    8300       3.440   1.204 
 PAN  (0.30)     2.54T    2.47    2.52     .                      2.630   0.264 
 PAN WAR92/96     .       5.26    5.50     .                      5.860   0.580 
 INTERAMERICAN   3.69T    3.72    3.75     .                      3.810   1.900 
 INTERAM(X-DIV   3.66T    3.63    3.65    3.64  2000   34300      3.080   3.250 
 LIBERTY LIFE    0.93T    0.93    0.94    0.92  2000   5000       0.990   0.620 
 LIBERTY(0.40)   0.75T    0.55    0.57     .                      0.790   0.480 
 LIBERTY WR       .        .       .       .                      0.580   0.290