New Issue: ABN Amro prices $.037 million 11.5% reverse convertibles linked to Caterpillar

New York, March 27 - ABN Amro Bank NV priced $.037 million of 11.5% Knock-In Reverse Exchangeable notes due June 30, 2009 linked to Caterpillar Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Caterpillar shares fall below the protection price of $18.47, 60% of the initial price of $30.78, during the life of the notes and finish below the initial price in which case the payout will be 32.489 shares of Caterpillar stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Caterpillar Inc. (Symbol: CAT)
Amount:	$.037 million
Maturity:	June 30, 2009
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Caterpillar shares fall below the protection price of $18.47, 60% of the initial price, and finish below the initial price, in which case 32.489 shares of Caterpillar stock
Initial price:	$30.78
Protection price:	$18.47, 60% of $30.78
Exchange ratio:	32.489
Pricing date:	March 26
Settlement date:	March 31
Agent:	ABN Amro Inc.
Fees:	1.375%

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