RNS No 1144p
GESB PLC

Document re:

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

                    Consolidated Balance Sheets 
                    December 31, 1998 and 1997

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

END

DOCGRGBCXDGCCCI
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