Partial Early Repurchase

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Partial Early Repurchase

        
    Please be advised the following issue has been repurchased for CHF 400,000 on 3/11/08 
     Issuer: Bear Stearns - ISIN: XS0281061571 - Maturity Date: 13 Apr 2015 - O/S NOMINAL 11,322,000 
    The outstanding balance will therefore be CHF 11,322,000 
    Please amend your records accordingly.

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