UpDate - Vol. 13, No. 27, Page BB-4
April 14, 1994
Buy Bonds
Benefits of saving bonds

     There are many reasons for choosing the U.S. Savings Bonds Payroll
Savings Plan:

        * The plan makes it easier for individuals to save or invest each
          pay period.
        * Lost or stolen savings bonds are backed by the full faith of the
          United States and can be replaced free if lost, stolen or
          destroyed.
        * Bonds can be purchased in denominations to fit every budget.
        * There are no fees when you buy or redeem a savings bond.
        * The interest on savings bonds is exempt from state and local
          incomes taxes, and federal income tax reporting may be deferred
          until a bond reaches final maturity after 30 years.