Schweizer Hofquai                                     c/o Amundsenlaan 141
6002 Luzerne        [SBC-stempel van ontvangst        Eindhoven 
Switzerland            2 JUNI 1986 [ 07 44 ]          The Netherlands


                                                     (nr. customer 70-7,044)

Dear Sirs,

   Could you be so kind as to open a new bank 
   (custody)account with your bank on the name of 
   Mrs.M.C.M. de Kroon c/o Mrs. M. de Kroon-van Oerle, 
   Amundsenlaan 141, Eindhoven, The Netherlands, and 
   have transferred from my account with your bank 
   nr. 70-7044 the following funds to this new account 
   -- 42 SHS Japan Portfolio 
   --700 SHS Universal Bond Selection EC 9349 
   At the same time I request you to open a new savings account 
   on the same person's name and have SFR 1500 transferred 
   from mij existing bank (savings)account (70-7044) 
   to her account. Could you please have these  
   instructions executed today 
   Untill further instructions I like to have the yearly 
   dividends of the fund reinvested in Universal Bond 
   Selection shares at your special conditions. 


                              Yours faithfully,

                              [Unterschrift kontrolliert]
    

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