NO. 31

2 MAY 1994

Financial and Banking News

Capital Markets

First Closing For Moroccan Investment Fund In Early May

Salomon Brothers and Morocco's ONA Group plan to have the first closing oftheir $200mn Moroccan Investment Fund during the first week of May, withsubsequent closings in late June and October/November. Managers involvedwith the fund are confident that the $200mn target amount will

have been raised sometime between the second and final closings. SalomonBrothers and ONA are...