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# Exhibit 4.(c)8

Code of Ethics for
Senior Financial OfficersAs of April 1, 2008



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Lumenis Ltd.

CODE OF ETHICS FOR
SENIOR FINANCIAL OFFICERS

This Code of Ethics for Senior
Financial  Officers for Lumenis Ltd.  supplements the Lumenis  "Business Conduct Policy.

This Code of Ethics for Senior
Financial Officers applies to the Chief Executive Officer, principal financial officers,
principal accounting officers or controllers, or persons performing similar functions of
Lumenis Ltd, who shall:

|1. | Recognize
that Lumenis strives to adhere to the principles of honesty,           transparency,
integrity, and ethical behavior, and to uphold legal principles in           its course
of business, in order to ensure proper conduct by its employees and           to maintain
an ethical business culture which protects investors          confidence and
interests in the financial markets.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2. | Be
aware that in order to achieve these goals, each officer in Lumenis shall
          adhere to and promote the principles set forth herein, which principles shall
          govern all professional conduct related to the Company.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3. | Act
with honesty and integrity, and comply with the provisions of the Business
          Conduct Policy.
|-- | --------------------------------------------------------------------------------------------------------

|4. | Avoid
actual or apparent conflicts of interest in personal and professional
          relationships as follows:
|-- | ---------------------------------------------------------------------------------------------------------------

| | a) | All
decisions shall be made keeping in mind the best interests of Lumenis, and           not
for the purpose of any personal gain.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------

| | b) | All
officers and members of their immediate family shall not obtain a financial
          interest in, or be employed by, any entity doing business with Lumenis, if the
          interest or employment could cause any conflict of interest with the
performance           of ones duties.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | c) | All
officers and members of their immediate family shall not accept gifts or           favors
that can lead to a direct or implied obligation to, or dependence on, any
          Lumenis competitor, supplier or customer, unless acceptance of the gift has
been           previously approved by Lumenis Chief Financial Officer or the Audit
Committee or           is of a deminimus value (e.g., $100 or less in value).
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | d) | All
officers and members of their immediate family shall not grant gifts or           favors
that may cause a situation of obligation or dependence between them and           any
competitor, supplier or customer of Lumenis.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | e) | An
officer shall not offer or accept, or cause anyone else to offer or accept           any
bribe, preference, favoritism, rebate, commission or other illegal payment.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | f) | An
officer shall not disclose to any third party any confidential or non-public
          information regarding Lumenis except when disclosure is authorized or one is
          otherwise legally obligated to disclose such information.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5. | Make
full, fair, accurate, timely and understandable disclosure, and provide all
          other information relevant to proper disclosure, in reports and documents that
          Lumenis files or submits to any governmental agency, self-regulatory agency, or
          the public.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6. | Act
in good faith, with responsibility and diligence, and shall not make any           false
statement, entry or deliberate misrepresentation regarding Lumenis.
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|7. | Shall
respect and make responsible and proper use of Lumenis property,           assets
and resources employed by or entrusted with you.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------

|8. | Comply
with applicable laws, rules and regulations of federal, state and local
          governments, and other appropriate private and public regulatory agencies, and
          avoid even the mere appearance of violating such laws, rules or regulations, or
          this Code of Ethics, including the Business Conduct Policy.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|9. | Comply
with the law even if it conflicts with this Code of Ethics or other           company
policy; however, if a local custom or policy conflicts with this Code of
          Ethics, one must comply with this Code.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10. | Implement
and promote ethical behavior and principles among your fellow           colleagues in
your work environment and community.
|--- | ------------------------------------------------------------------------------------------------------------------------------------

|11. | Promptly
report and disclose to the Internal Auditor, your manager or the Audit
          Committee any violation of this Code of Ethics or any other ethical standard,
          including actual or apparent conflicts of interest with Lumenis as covered in
          section 4 of this Code.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|12. | Be
held accountable for adhering to this Code of Ethics and that failure to
          observe the terms of this Code of Ethics may result in disciplinary action, up
          to and including termination of employment. Violations of this Code of Ethics
          may also constitute violations of law and may result in civil and criminal
          penalties for you, your supervisors and/or Lumenis.
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|13. | Undertake to comply and fulfill the provisions of the Business Conduct Policy
          and other policies that are adopted by Lumenis .
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