Stmnt re Bodegas Y Bebidas SA

Banco Bilbao Vizcaya Argentaria SA
2 August 2001


Referring to some information about the BBVA ownership in BODEGAS Y BEBIDAS,
S.A., BANCO BILBAO VIZCAYA ARGENTARIA, S.A. announces that it is considering
some alternatives, but there is not made any decision regarding this subject.