New Issue: ABN Amro sells $2.38 million 18.5% Knock-in Reverse Exchangeables linked to Freeport-McMoRan

By E. Janene Geiss

Philadelphia, Dec. 27 - ABN Amro Bank NV priced $2,375,000 of 18.5% annualized Knock-in Reverse Exchangeable Securities due March 31, 2008 linked to the common shares of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Freeport-McMoRan shares fall below the knock-in price - 70% of the initial share price - during the life of the notes and close below the initial share price, investors will receive a number of shares equal to $1,000 divided by the initial share price.

Otherwise, the payout will be par.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable Securities
Underlying stock:	Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
Amount:	$2,375,000
Maturity:	March 31, 2008
Coupon:	18.5% annualized, payable monthly
Price:	Par
Payout at maturity:	If Freeport-McMoRan shares fall below the knock-in price during the life of the notes and finish below the initial share price, a number of shares equal to $1,000 divided by the initial share price; otherwise, par
Initial share price:	$102.91
Knock-in price:	$72.04, or 70% of initial share price
Exchange ratio:	9.717 shares, at maturity
Pricing date:	Dec. 21
Settlement date:	Dec. 31
Agent:	ABN Amro Inc.
Fees:	1.375%

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