David Bernstein of the American Jewish Committee's Washington office, who is observing the assembly, said the resolution "subjects Israel to the same process as every other country in the world. That's what we wanted. Singling out Israel is not the way to approach peace in the Middle East."

Mark Pelavin, director of interreligious affairs for Reform Judaism, said the revision "is a critical step toward removing an ugly stain on the church's history of fighting for peace and justice."

Presbyterians haven't yet pulled any investments but talked with five corporations involved in Israel: Caterpillar, Citigroup Inc., Industries Inc., Motorola and United Technologies Corp.

Conservatives sponsored a talk by lay Presbyterian James Woolsey, a CIA director under President Clinton. He said the 2004 action put his church "clearly on the side of theocratic, totalitarian, anti-Semitic, genocidal beliefs, and nothing less."

The statement approved 483-28 also urges an end to terror against both Israelis and Palestinians. It says a sovereign state has the right to protect its borders but said the present location of Israel's security wall "illegally encroaches into the Palestinian territory."