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Date of      Date of      Bids Received         Bids Accepted    Cut-off  Implicit   Amount Out-
Auction      Issue    ----------------------------------------     Price  Yield at   standing as
                       Number         Total  Number     Total       (Per   Cut-off   on the Date
                                      Face              Face      cent)      Price      of Issue
                                      Value             Value            (Per cent)
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     1          2        3          4          5        6          7         8           9
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1995-96

Feb. 14    Feb. 16         12         54.50       7     47.00      88.40   13.1222       1859.74
Feb. 28    Mar.  1          3          9.00       2      7.00      88.40   13.1222       1859.74
Mar. 13    Mar. 15          6         20.00       4     14.00      88.40   13.1222       1865.74
Mar. 27    Mar. 29          5         21.00       3     13.00      88.40   13.1222       1874.74

1996-97

Apr. 10    Apr. 12         17        231.00      15    221.00      88.40   13.1222       2086.74
Apr. 24    Apr. 26         54        469.90      10     75.00      88.50   12.9944       2070.79
May   8    May  10         37        337.93      12     91.30      88.54   12.9433       2061.09
May  22    May  24         24        229.24      16    129.24      88.54   12.9433       2178.83
Jun.  5    Jun.  7         17        282.00       8    162.00      88.54   12.9433       2303.33
Jun. 19    Jun. 21         14        387.00      12    362.00      88.52   12.9688       2660.33
Jul.  3    Jul.  5         67        896.15      37    637.15      88.60   12.8668       3292.80
Jul. 17    Jul. 19        143       1529.03     101   1063.50      88.80   12.6126       4343.80
Jul. 31    Aug.  2         28        375.16       6     91.89      88.80   12.6126       3601.69
Aug. 14    Aug. 16         30        537.00      14    382.00      88.80   12.6126       3959.69
Aug. 28    Aug. 30         18        269.50       9    225.00      88.80   12.6126       4019.44
Sep. 11    Sep. 13         12        242.91       6    195.00      88.80   12.6126       4182.44
Sep. 25    Sep. 27         19        436.60       8    321.00      88.80   12.6126       4433.82
Oct.  9    Oct. 11         27        879.55      23    834.55      88.80   12.6126       5257.37
Oct. 23    Oct. 25         54       1285.05       4    151.00      89.21   12.0951       5332.37
Nov.  6    Nov.  8         63       1590.55      14    682.80      90.83   10.0958       5996.17
Nov. 20    Nov. 22         15        197.00       6     55.00      90.58   10.3996       6020.67
Dec.  4    Dec.  6         39        781.20      22    465.00      90.64   10.3266       6476.67
Dec. 18    Dec. 20         26        391.25      10    196.25      90.64   10.3266       6657.84
Jan.  1    Jan.  3         13        320.00      10    290.00      90.64   10.3266       6913.64
Jan. 15    Jan. 17         15        350.00       9    270.00      90.64   10.3266       7061.68
Jan. 29    Jan. 31         59       1887.40      14    635.00      90.83   10.0958       7616.68
Feb. 12    Feb. 14         39        512.48       8    110.95      90.83   10.0958       7680.63
Feb. 26    Feb. 28         23        570.00      14    435.00      90.83   10.0958       8108.63
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