When The Heart Says `Invest In Israel'

They are among the most heavily hyped investments anywhere. Bought primarily for sentimental reasons, some $1.2 billion worth were sold in 1992--with some redeemable only in airplane tickets or the currency of a war-torn, debt-laden nation. A questionable investment? Not in the least. These are State of Israel bonds--and, for yield-starved investors, they are a perfectly respectable way of obtaining a safe but attractive payout.

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