New Issue: ABN Amro prices $550,000 7.75% knock-in notes linked to Labor Ready

By E. Janene Geiss

Philadelphia, Feb. 28 - ABN Amro Bank NV priced a $550,000 offering of Knock-In Reverse Exchangeable Securities due Feb. 29, 2008 linked to Labor Ready, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The one-year notes will pay 7.75%. Interest will be payable monthly.

The payout at maturity will be par unless Labor Ready stock falls below the knock-in price of $13.664 during the life of the securities and finishes below the initial share price of $19.52, in which case the payout will be a number of Labor Ready shares equal to $1,000 divided by the initial share price.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	Labor Ready, Inc.
Amount:	$550,000
Maturity:	Feb. 29, 2008
Coupon:	7.75%, payable monthly
Price:	Par
Payout at maturity:	Par if Labor Ready stock remains at or above the knock-in price during the life of the securities or finishes at or above the initial share price; otherwise, 51.230 Labor Ready shares
Initial share price:	$19.52
Knock-in price:	$13.664, 70% of initial share price
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	LaSalle Financial Services
Agent fees:	3.2%

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