Directorate Change

Banco Bilbao Vizcaya Argentaria SA
02 February 2004



'BBVA, S.A.', in pursuance of the provisions of section 82 of the Securities
Market Act, proceeds by means of the present document to notify the following:



                                      SIGNIFICANT EVENT



The Board of Directors of Banco Bilbao Vizcaya Argentaria, S.A. has accepted the
resignation of Gregorio Maranon Beltran de Lis.


Gregorio Maranon will continue with his duties as member of the board of
trustees of Fundacion BBVA.



                                                      Bilbao, February 2nd, 2004




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