3,416 in trading on the Bermuda Stock Exchange.

Bank of Bermuda gained 37.5 cents on volume of 274 to close at $20.125.

The drop in Buterfield shares pushed the Index down 3.94 points or .36 percent to close at 1,085.15.

The only other issue trading up was 3000 Bank of Bermuda 9% US$ Nts. trading at $102.25.

Share volume was 3,690 with a share value of $47,660.