TEXT

By the authority vested in me as President by the Constitution
and the laws of the United States of America, including section 1
of the International Organizations Immunities Act (22 U.S.C 288),
and having found that the Israel-United States Binational
Industrial Research and Development Foundation is a public
international organization in which the United States
participates within the meaning of the International
Organizations Immunities Act, I hereby designate the              
Israel-United States Binational Industrial Research and
Development Foundation as a public international organization
entitled to enjoy the privileges, exemptions, and immunities
conferred by the International Organizations Immunities Act. 
This designation is not intended to abridge in any respect the
privileges, exemptions, or immunities that such organization may
have acquired or may acquire by International agreements or by
congressional action.

                    /s/William J. Clinton



THE WHITE HOUSE,
March 13, 1995.