IBM <IBM> TO REDEEM 250 MLN DLRS OF NOTES
International Business Machines
Corp's IBM Credit Corp subsidiary said it is calling for
redemption on May 15 all 250 mln dlrs of its 9-7/8 pct notes
due May 15, 1988 at 101 pct of principal amount.
    It said holders will receive accrued interest through the
redemption date.
 Reuter
