ABN Amro plans issue of 10% Knock-In Reverse Exchangeables linked to TransOcean

By Angela McDaniels

Seattle, Feb. 1 - ABN Amro Bank NV plans to issue 10% Knock-In Reverse Exchangeable senior medium-term series A notes due Feb. 15, 2007, linked to TransOcean Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The proposed settlement date is Feb. 15.

Payment at maturity will be based on the performance of TransOcean stock:

• If the stock trades at or below the knock-in price and closes below the initial price, investors will receive a number of TransOcean shares equal to the stock redemption amount. The knock-in price will be 70% of the initial price;

• Otherwise, the payout is par in cash.

LaSalle Financial Services, Inc. and ABN Amro Inc. will be the underwriters.

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