Following are excerpts from the Iranian response to the United States on conditions for release of the 52 American hostages. The translation, distributed by The Associated Press, is by the official Iranian news agency, Pars :

Despite the acceptance of the principles of the resolution of the Islamic Consultative Assembly by the U.S. government, the proposed undertakings of the U.S. government are not adequately responsive to all points asked by the Islamic Consultative Assembly of Iran, and in some cases amendments to the responses, and changes in the executive procedures are necessary.

It is only after such amendments and changes that the aforementioned undertakings can be acceptable to the government of the Islamic Republic of Iran as the minimum requirements. The amendments, changes and executive procedures asked by the government of the Islamic Republic of Iran, on the basis of the resolution of the Islamic Consultative Assembly, are as follows:

With due regard to the fact that the official recognition of the Islamic revolution and the government of the Islamic Republic is a fait accompli , and there is no request for such recognition in the resolution of the Islamic Consulative Assembly [that recognition can be dropped from the U.S. declaration and] the stipulation "from now on" be added to . . . U.S. declaration on nonintervention in Iran . . . as follows:

"nonintervention in Iran. The government of the United States of America hereby pledges not to intervene, from now on, directly or indirectly, militarily or politically, in the internal affairs of the Islamic Republic of Iran."

In addition to the above amendment in the declaration, it is necessary that the overall response of the U.S. be amended accordingly.

The U.S. government . . . will also take the following measures:

A. The return of $9.069 billion of Iranian assets plus relevant interest at the standard rates, as well as the return of the gold belonging to Iran, deposited with the Federal Reserve Bank of New York, and deliver the above to the Central Bank of Algeria before the release of the 52 Americans, these assets, after deduction of the amounts mentioned (in a later section), will be placed at the disposal of the Iranican government by the government of Algeria. These assets, in detail, are as follows:

1. Deposits of Bank Markazi of Iran with American banks in London, $3.518 billion.

2. Deposits of Bank Markazi of Iran with American banks in Paris, $400 million.

3.Deposits of Bank Markazi Iran with American banks in the United States, $167 million.

4. Deposits of other Iranian banks with American banks, $300 million.

5. Deposits of the National Iranian Oil Company, $407 million.

6. Funds relating to oil sales, $2.108 billion.

7. Treasury notes of the Bank Markazi Iran with the Federal Reserve Bank, $1.1 billion.

8. Deposits of the Bank Markazi of Iran with the Federal Reserve Bank, $269 million.

9. Trust fund of the Ministry of Defense of the Islamic Republic of Iran, $800 million.

Total: $9.069 billion.

10. Bank Markazi of Iran's gold with the Federal Reserve Bank equal to 1,632,827 ounces.

B. With regard to the other assets and funds of Iran at the disposal of, or under attachment by the American government, American nationals or institutions inside or outside the United States, the U.S. government, in pledging to return all such assets and funds, will deposit with the Central Bank of Algeria a guarantee equal to $4 billion . . . as a guarantee of the bona fide discharge of its obligations.

Immediately upon the release of the 52 Americans, the aforementioned assets and funds will be placed at the disposal of representatives of the government of the Islamic Republic of Iran for transfer to Iran . . .

The U.S. government will make the necessary committment to respond to any kind of claims for losses arising from the Islamic revolution of Iran to American nationals, American government, organizations and institutions, but not due decisions adopted by the Islamic government of Iran . . . (By "related to the Islamic revolution" is meant all the claims related to any damage to and loss by U.S. persons and entities caused by the revolutionary movement of the Iranian people, and not by the decisions of the government of the Islamic Republic of Iran, from Feb. 11, 1979, until the present time.)

For the purpose of comparing and checking the list of Iranian assets . . . and with due regard to the fact that the agents of the deposed shah, before the downfall of the Pahlavi regime, have destroyed much of the documents relating to the Iranian assets and funds in the U.S.A., the U.S. government will, within one week from the date of receipt of this memorandum, provide the Iranian government, through the government of Algeria, with a detailed list of all the assets and funds of the Islamic Republic of Iran and Iranian institutions [and] will undertake to immediately place at the disposal of [Iran] all Iranian assets and funds which . . . may come to light at a future date.

Concurrent with all the aforementioned steps to be taken by the U.S. government, the Iranian government pledges to take the following steps: u

A. With due regard to the fact that all declarations of default of loan agreements, loan accelerations, and set-offs effected by American banks will be nullified and canceled, the government of the Islamic Republic of Iran undertakes to pay the bona fide loan installments on loans and credits contracted in the past, and hereby authorize the Algerian government to keep the amount of $1 billion from the aforementioned amounts as a guarantee for the delayed installments on the . . . loans and after . . . settlement of outstanding debts, the balance will be returned to Iran.

. . . The Iranian government accepts that the claims of American entities and citizens against Iran, and the claims of Irnaian nationals and institutions be settled, in the first stage through agreement, through arbitartion acceptable to the respective parties.

For the purpose of repaying the above debts . . . Iran will deposit with the Algerian government an initial cash guarantee equal to $1 billion. . .

The above guarantee will not include claims arising from the results of the seizure of the former U.S. Embassy in Tehran, results arising from the hostage-taking by the Iranian people, and the reactions of the U.S. government, as well as claims originating from the effects of the Islamlic revolution of Iran.

Since the properties and assets of the deposed shah and his close relatives have been confiscated and . . . appropriated for the benefit of the Iranian nation, and since a large part of such properties remains outside of Iran, specially in the U.S.A . . . for the purpose of speeding up the execution attachment order of the attorney general in respect of the above properties, the U.S. government was asked on Dec. 10, 1980, to place at the disposal of the Iranian government, as soon as possible, a complete list of the properties and assets of the deposed shah and his close relatives . . . on the basis of information available before Nov. 4, 1979, and as at present.

Since the U.S. government has, up till now, placed no useful information in this respect as the disposal of Iran, therefore the government of the Islamic Republic of Iran asks that the U.S. government . . . also take the following steps:

. . . The U.S. governement pledges to provide information on the amounts, origin and destination of the properties and assets of the deposed shah and his close relatives transferred out of U.S. jurisdiction, problably after triumph of the Islamic revolution and until the date of acceptance of this response as well as information on the agents involved in such transfers.

The U.S. [is] to deposit with the Central Bank of Algeria a cash guararntee equal to $10 billion . . . which is a percentage of the properties of the Iranian nation plundered by the deposed shah and his relatives, as a guarantee of the bonafide discharge of its obligations.

On the declaration of the Iranian government of the nonexistence of any kind of perperties and assets . . . the above-mentioned guarantee will be lifted.

After all the conditions stipulated in this memorandum have been carried out, and officially confirmed by the government of the Algerian People's Democratic Republic, then the 52 Americans, hostages of the Iranian nation, will be released.