76IS Hsbc Bk 25

RNS No 3420k
DEUTSCHLAND AND INVESTMENT CORPORATION INC
1st March 1999

The Board of Deutschland Investment Corporation Inc has been aware for some time
that a number of shareholders wish to realise their investment.  In addition
recent developments have lead the Board to conclude that Deutschland Investment
Corporation Inc is no longer the best investment vehicle for German private
equity investment.

As a result, the Board has decided to cease making further investments.

A further announcement as to the Board's recommended course of action will be
made as soon as possible.

For further information, please contact:


Mr Fred Vinton
Electra Fleming Limited            0171 831 6464

END

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