Dividend Declaration

Banco Santander Central Hispano SA
17 October 2001


Banco Santander Central Hispano, S.A. hereby announces that as of October 31st 
2001 it will pay a second interim dividend on account of the earnings for the 
2001 Financial year. The full amount of such dividend will be 0.075126 euros -
(12.50 pesetas) per share-.