53LE Sg Issuer 26

RNS No 5185w
BETA FINANCE CORPORATION 


FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE: 29 June 1999

______________________________________________________________________________

DETAILS OF ISSUE: ITL50,000,000,000 1 Year Reverse Convertible Notes
                  Linked to Banca Commerciale Italiana S.p.A. Shares

ISSUER:           Beta Finance Corporation

INCORPORATED IN:  Cayman Islands

GUARANTOR:        N/A

INCORPORATED IN:  N/A

Listing Particulars relating to the issue may be obtained during usual
business hours for fourteen days from the date of this formal notice from:

Morgan Stanley & Co. International Limited
25 Cabot Square
Canary Wharf
London E14 4QA

Copies of the listing particulars relating to the issue may also be obtained
during normal business hours from the Company Announcements Office of the
London Stock Exchange, Old Broad Street, London, EC2N 1HP, by collection only,
for the two business days following the date of this formal notice.

END

FN AWOBKKKKNUAR

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