New Issue: ABN Amro prices $4 million 10.5% reverse convertibles linked to Marathon Oil

New York, July 1 - ABN Amro Bank NV priced $4 million of 10.5% Knock-In Reverse Exchangeable notes due July 2, 2009 linked to Marathon Oil Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Marathon Oil shares fall below the protection price of $31.12, 60% of the initial price of $51.87, during the life of the notes and finish below the initial price in which case the payout will be 19.279 shares of Marathon Oil stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Marathon Oil Corp. (Symbol: MRO)
Amount:	$4 million
Maturity:	July 2, 2009
Coupon:	10.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Marathon Oil shares fall below the protection price of $31.12, 60% of the initial price, and finish below the initial price, in which case 19.279 shares of Marathon Oil stock
Initial price:	$51.87
Protection price:	$31.12, 60% of $51.87
Exchange ratio:	19.279
Pricing date:	June 30
Settlement date:	July 3
Agent:	ABN Amro Inc.
Fees:	2.875%

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