デュエルビッツ カジノ
デュエルビッツ カジノ KOBE STEEL, LTD
デュエルビッツ カジノ
ECOWAY デュエルビッツ カジノ
Notes to Non-Consolidated Interim Financial Statements
 September 30, 1995 and 1994 (Unaudited)

1. Basis of Presentation of Financial Statements                                
The accompanying non-consolidated interim financial statements should be read in
conjunction with the financial statements and related notes included in the     
Annual Report of Kobe Steel, Ltd. (the "Company") to shareholders for the year
ended March 31, 1995.                                                           
  The accompanying interim financial statements have been translated from the   
financial statements which are prepared for Japanese domestic purposes, in      
accordance with interim accounting standards promulgated by the Business        
Accounting Deliberation Council.  Certain modifications have been made in the   
accompanying interim financial statements in order to facilitate understanding  
by foreign readers.                                                             
  For convenience only, U.S. dollar amounts presented in the accompanying       
interim financial statements have been translated from Japanese yen at the rate 
of デュエルビッツ カジノen;99.10 to US, the rate prevailing on September 30, 1995.                   

2. Marketable Securities and Investments in Securities                          
Listed equity securities, both in marketable securities and investments in      
securities, are principally stated at the lower of moving average cost or market
value.  As allowed under interim accounting standards, the Company has not      
written down to market value listed equity securities whose market prices are   
deemed to recover by the end of this fiscal year.                               
  The book value and market value of such securities at September 30, 1995 were 
as follows:                                                                     
                                                                 Thousands of   
                                                                  U.S.dollars   
                                          Millions of yen          (Note 1)     
--------------------------------------  --------------------    --------------  
  Book value                                 デュエルビッツ カジノen;  9,837             $  99,263     
  Market value                                  9,337                94,218     

3. Contingent Liabilities                                                       
At September 30, 1995, the Company was contingently liable as follows:          

                                                                 Thousands of   
                                                                  U.S.dollars   
                                          Millions of yen          (Note 1)     
--------------------------------------  --------------------    --------------  
  Trade notes discounted                     デュエルビッツ カジノen; 73,026             $ 736,892     
  Guarantees of loans                           4,076                41,130     
                                        --------------------    --------------  
                                             デュエルビッツ カジノen; 77,102             $ 778,022     
                                        ====================    ==============  


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デュエルビッツ カジノ opinion of the Company's directors, this report enables investors to make
an informed assessment of the results and activities of the Group for the       
period.

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