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VICE PRESIDENT GORE, SECRETARY RUBIN UNVEIL NEW INFLATION- INDEXED SAVINGS BONDS - page 6 / 8

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$5,000.00 I Bond

MARIAN ANDERSON

(1897 - 1993)

  • World-Renowned Vocalist

(Contralto)—

M arian Anderson was a world- renowned contralto with a vocal mastery from Bach and Schubert to Verdi and spirituals. In 1939, barred from singing at a con- cert hall in Washington, D.C. because of her race, Anderson was invited to sing on the steps of the Lincoln Memorial to a record crowd. Her long career began with singing in church as a young girl, and took her to the pinnacle of the profession when in 1955, she became the first African-American to sing with the Metropolitan Opera. Marian Anderson was loved and admired throughout the world as a great artist whose dignity in the face of discrimination opened doors for the many African-American artists now performing in concert halls and opera houses world-wide.

$10,000.00 I Bond

SPARK M. MATSUNAGA

(1916-1990)

  • U.S. Senator and Congressman,

World War II Hero—

S park Matsunaga, a war hero who became a United States Senator from Hawaii, dedicated his career to promoting peace and achieving justice. A Japanese-American, Matsunaga served with distinction in the 100th Infantry Battalion, the first Japanese-American unit formed during World War II, for which he received the Bronze Star and two Purple Hearts. As a political leader, he was a champion of civil rights for all Americans regardless of race. As a member of the United States Senate, he worked to promote the peaceful resolution of conflicts, and he fought for redress for survivors of the World War II internment camps.

  • -

    COVER STORY -

UNVEIL NEW INFLATION- INDEXED SAVINGS BONDS

(Continued from page 3)

I Bonds may be attractive to investors for the following reasons:

  • They protect investors from

inflation;

  • They are exempt from state and local income taxes and federal taxes can be deferred until the bond is redeemed or stops earning interest at 30 years;

  • They increase in value monthly with interest compounded semi-annually;

  • And all or part of the interest earned may be tax-exempt if used for college tuition and fees at eligible post-secondary educational institutions, when income qualifications are met.

I Bonds also protect investors from potential deflation. Even if deflation is greater than the fixed interest rate, the I Bond’s value will remain the same.

Six of the eight I Bonds ($50, $75, $100, $500, $1000 and $5000) will go on sale September 1, 1998, and the

RATE INFORMATION

Current interest rates on savings bon s can be obtaine by calling the toll-free recor ing 1-800-4US-BOND (1-800-487-2663).

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