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The Bermuda Stock Exchange index fell 24.94 points (1.85 percent) to 1,321.59 yesterday on volume of 32,938 worth $388,883.63, as declines led advances two

Bank of Bermuda fell 75 cents to $26.25 after a trading volume of 1,668, and Bank of Butterfield fell $0.375 to $15 on volume of 22,206.

The only other issue that traded was Bermuda Commercial Bank Warrants `01, which climbed 25 cents or 40 percent to $0.875 on a volume of 9,064.