New Issue: ABN Amro prices $300,000 10.5% reverse convertibles linked to Baker Hughes

New York, Jan. 31 - ABN Amro Bank NV priced $300,000 of 10.5% annualized Knock-In Reverse Exchangeable Securities due July 31, 2008 linked to Baker Hughes Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par in cash unless Baker Hughes stock falls below the protection price of $59.06, 80% of the initial price of $73.82, during the life of the notes and finishes below the initial price, in which case the payout will be 13.546 shares of Baker Hughes stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable Securities
Underlying stock:	Baker Hughes Inc. (Symbol: BHI)
Amount:	$300,000
Maturity:	July 31, 2008
Coupon:	10.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Baker Hughes stock falls below the protection price of $59.06, 80% of the initial price, and finishes below the initial price, in which case 13.546 shares of Baker Hughes stock
Initial price:	$73.82
Protection price:	$59.06, 80% of $73.82
Exchange ratio:	13.546
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	ABN Amro Inc.
Fees:	1.75%

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