New Issue: ABN Amro prices $2 million 13% reverse convertibles linked to Manitowoc

New York, May 29 - ABN Amro Bank NV priced $2 million of 13% Knock-In Reverse Exchangeable notes due Aug. 29, 2008 linked to Manitowoc Co., Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash unless Manitowoc shares fall below the protection price of $29.26, 75% of the initial price of $39.01, during the life of the notes and finishes below the initial price in which case the payout will be 25.634 shares of Manitowoc stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	Manitowoc Co., Inc. (Symbol: MTW)
Amount:	$2 million
Maturity:	Aug. 29, 2008
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Manitowoc stock falls below the protection price of $29.26, 75% of the initial price, and finishes below the initial price, in which case 25.634 shares of Manitowoc stock
Initial price:	$39.01
Protection price:	$29.26, 75% of $39.01
Exchange ratio:	25.634
Pricing date:	May 23
Settlement date:	May 30
Agent:	ABN Amro Inc.
Fees:	1.625%

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