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                                   FORM 18-K/A

           For Foreign Governments and Political Subdivisions Thereof

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                            ------------------------
                                 AMENDMENT NO. 4
                                       TO
                                  ANNUAL REPORT
                                       OF
                             THE REPUBLIC OF TURKEY
                              (Name of Registrant)
                             -----------------------

               Date of end of last fiscal year: December 31, 2003

                             SECURITIES REGISTERED*

                      (As of the close of the fiscal year)

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TITLE OF ISSUE                   AMOUNTS AS TO                      NAMES OF
                               WHICH REGISTRATION                 EXCHANGES ON
                                  IS EFFECTIVE                  WHICH REGISTERED
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     N/A                              N/A                             N/A
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           Names and address of persons authorized to receive notices
         and communications from the Securities and Exchange Commission

                REPUBLIC OF TURKEY CONSULATE GENERAL IN NEW YORK
                               ECONOMIC COUNSELOR
                            821 UNITED NATIONS PLAZA
                                    4TH FLOOR
                            NEW YORK, NEW YORK 10017

* The Registrant is filing this annual report on a voluntary basis.

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                             THE REPUBLIC OF TURKEY

        Reference is made to the registration statement filed with the
Securities and Exchange Commission (the "Commission") on January 22, 2004 and
effective as of February 18, 2004 (Registration Number 333-112081) (the
"Registration Statement") of The Republic of Turkey (the "Registrant").

        The sole purpose of this Amendment No. 4 is to file with the Commission
the legal opinions included as Exhibits K and L hereof in accordance with the
Registrant's undertaking in the Registration Statement to furnish copies of such
legal opinions as may be required (including the opinion of the Legal Advisor to
the Registrant) in connection with any issue of securities under the
Registration Statement.


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                                    SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Amendment to be signed on its behalf by the
undersigned, thereunto duly authorized, in Ankara, Turkey on the 7th day of
June, 2005.

                                     REPUBLIC OF TURKEY


                                     By:  /s/ Turan Oz
                                          ------------------------------
                                          Turan Oz
                                          Acting Deputy Director General
                                          of Foreign Economic Relations
                                          Undersecretariat of Treasury
                                          Prime Ministry


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                                  EXHIBIT INDEX



EXHIBIT
NUMBER                                                                         PAGE NUMBER
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      A.        None.........................................................
      B.        None.........................................................
*     C.        Copy of the 2003 Annual Budget of Turkey.....................
*     D.        Current Turkey Description...................................
*     E.        Opinion of the First Legal Advisor, Prime Ministry of the
                Republic of Turkey dated October 7, 2004.....................
*     F.        Opinion of Arnold & Porter LLP dated October 7, 2004.........
*     G.        Opinion of the First Legal Advisor, Prime Ministry of the
                Republic of Turkey dated November 24, 2004...................
*     H.        Opinion of Arnold & Porter LLP dated November 24, 2004.......
*     I.        Opinion of the First Legal Advisor, Prime Ministry of the
                Republic of Turkey dated January 24, 2005....................
*     J.        Opinion of Arnold & Porter LLP dated January 24, 2005........
      K.        Opinion of the First Legal Advisor, Prime Ministry of the
                Republic of Turkey dated June 7, 2005........................
      L.        Opinion of Arnold & Porter LLP dated June 7, 2005............


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* Previously filed.


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