February 8, 1999


INFORMATIONAL MEMORANDUM: R&D-99-005
     
TO:      All Reinsured Companies
         All Risk Management Agency Field Offices

FROM:    Tim B. Witt         /s/ Tim B. Witt
         Deputy Administrator

         SUBJECT: Estimated Group Risk Income Protection (GRIP) Prices and Price Volatility
         Factors for 1999 Crop Year Corn and Soybeans

GRIP corn and soybean estimated prices and price volatility factors are:

                       States    Price Estimate    Volatility Estimate
                                    ($/bu)    
Corn                 IL, IN, IA     $2.40*                .20*

Soybeans             IL, IN, IA     $5.27*                .16*

*CAUTION: THESE PRICES AND VOLATILITY FACTORS ARE FOR THE PURPOSE OF
PROVIDING PRODUCER PREMIUM ESTIMATES ONLY.  THE FINAL PRICES AND
PRICE VOLATILITY FACTORS WILL BE RELEASED IN ACCORDANCE WITH THE
GRIP BASIC AND CROP PROVISIONS.

DISPOSAL DATE:

This Informational Memorandum is for the purpose of transmitting information and the
expiration date is December 31, 1999.