Directorate Change

Banco Bilbao Vizcaya Argentaria SA
29 April 2002

                        RELEVANT EVENT

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has informed that

• Francisco Javier Aresti y Victoria de Lecea

• Ramon de Icaza y Zabalburu

• Luis M3 de Ybarra y Zubiria

have resigned as members of BBVA's Board of Directors.


                                                      Madrid, 29th April 2002



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