Director Shareholding

Lloyds TSB Group PLC
21 September 2000


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

MICHAEL DAVID ROSS

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

N/A

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

MR M.D. ROSS              2,500

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

GRANT OF SHARE OPTIONS

7)  Number of shares/amount of
    stock acquired

N/A

8)   (N/A %)
    of issued Class


9)  Number of shares/amount
    of stock disposed

N/A

10)  ( N/A %)
    of issued Class


11) Class of security

ORDINARY SHARES OF 25P EACH

12) Price per share

-

13) Date of transaction

-

14) Date company informed

-

15) Total holding following this notification

MR M.D. ROSS         2,500

16) Total percentage holding of issued class following this notification

MINIMAL

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

20/09/2000

18) Period during which or date on which exercisable

FOR A LIMITED PERIOD AFTER 5 YEARS, OR EARLIER IN CERTAIN CIRCUMSTANCES

19) Total amount paid (if any) for grant of the option

NIL

20) Description of shares or debentures involved: class, number.

ORDINARY SHARES OF 25P - 3,245

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

520P

22) Total number of shares or debentures over which options held
    following this notification

268,941

23) Any additional information

-

24) Name of contact and telephone number for queries

A.J. MICHIE, SECRETARY    020 7356 1043

25) Name and signature of authorised company official responsible for
    making this notification

   Date of Notification     21ST SEPTEMBER, 2000