INTERNATIONAL BANK FOR RECONSTRUCTION AND
                            DEVELOPMENT

                            BOARD OF GOVERNORS



                                Resolution No. 137

                 Amendment of Section 14(e) of By-Laws of Bank


RESOLVED:

  THAT effective November 1, 1959, the figure “15,500�? in Section 14(e) of the By -
Laws of the Bank shall be changed to “17,000�?.�?


                                                     (Adopted on December 28, 1959)