Dividend Declaration

Banco Santander Central Hispano SA
17 October 2001


                     BANCO SANTANDER CENTRAL HISPANO, S.A.


                           Second Interim Dividend

As from 31st October 2001, Banco Santander Central Hispano will pay a dividend 
on all currently outstanding ordinary shares as follows:

Number of Shares       Gross Dividend      18% Withholding Tax     Net Dividend

   4,561,536,413        Euro 0.075126            Euro 0.013523    Euro 0.061603 
                       (Pesetas 12.50)           (Pesetas 2.25)  (Pesetas 10.25)

      
The dividend is the second, payable on a quarterly basis, charged to year 2001 
earnings.