New Issue: ABN Amro sells $47 million 11% reverse exchangeables linked to General Electric

New York, Jan. 18 - ABN Amro Bank NV priced Thursday $47 million of 11% one-year reverse exchangeable securities linked to the common stock of General Electric Co.

The senior notes, sold from ABN Amro's medium-term note program, offer a higher than normal coupon in return for participation in the downside of the stock.

ABN AMRO Financial Services, Inc. was the lead manager for the offering.

Issuer:	ABN Amro Bank NV
Amount:	$47 million
Maturity:	Jan. 23, 2003
Coupon:	11%, payable semi-annually beginning July 23
Price:	Par
Yield:	11%
Payment at maturity:	Par in cash if General Electric Co. stock is at or above the initial price of $38.75.
	25.806 General Electric shares if stock is below the initial price.
	The initial price is the closing price of General Electric stock on the securities' pricing date. The determination date for the payout is three business days before maturity.
Settlement:	Jan. 23
Listing:	"REX.I" on American Stock Exchange

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