RNS No 1140j
GESB PLC


Document re:        AMBAC ASSURANCE CORPORATION AND SUBSIDIARIES
                    (a wholly owned subsidiary of Ambac Financial Group, Inc.)

                       Consolidated Unaudited Financial Statements

                    As of June 30, 1999 and December 31, 1998
                     and for the Periods Ended June 30, 1999 and 1998


A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END

DOCSSDSWAUUUFEU
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