volume of 5,000 on the Bermuda Stock Exchange on Friday.

The only other shares to trade were BF&M's nine percent preference stock, which closed unchanged at $12 on a volume of 2,500. The Exchange Index closed at 1,171.54 -- up by 6.23 on the day.

There was heavy trading in the Bank of Bermuda's nine percent notes, with $812,569 worth of bonds changing hands.

Shares and bonds worth a high total of $3.572 million were traded during the week.