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Half Yearly Report

Document date:  Mon 01 May 2000
Published:  Mon 01 May 2000 08:57:49
Document No:  161583
Document part:  A
Market Flag:  Y
Classification:  Half Yearly Report , Dividend Record Date , Dividend Pay Date , Dividend Rate

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-05-01  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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                       HALF YEARLY REPORT 
                       (Equity Accounted)

Name of entity
Australia & New Zealand Banking Group Limited 

ACN or ARBN         Half    Preliminary     Half Year ended
                   yearly     final        ('current period')         
                   (tick)    (tick)
005 357 522          X                        31/03/2000



FOR ANNOUNCEMENT TO THE MARKET                                AUDM

Sales (or equivalent operating)
 revenue (item 1.1)                       up         8.9% to     4,776

Abnormal items after tax 
attributable to members (item 2.5)       gain/loss       of       Nil

Operating profit (loss) after tax
(before amortisation of goodwill)
attributable to members (item 1.26)      up        14.0% to       821

Operating profit (loss) after tax
attributable to members(item 1.10)       up        14.1% to       817

Extraordinary items after tax
attributable to members (item 1.13)      gain/loss       of       Nil 

Operating profit (loss) and 
extraordinary items after tax 
attributable to members (item 1.16)      up        14.1% to       817


Dividends (distributions)                 Amount per    Franked amount
                                           security      per security
                                                          at 36% tax

Final dividend(Preliminary final
 report only - item 15.4); 
Interim Dividend(Half yearly report
 only - item 15.6)                              29 c                 c
                                            (100% franked)
Previous corresponding period
(Preliminary final report - item 15.5; 
 half yearly report - item 15.7)                26 c                 c
                                            (75% franked)
Record date for determining entitlements to the dividend,
(in the case of a trust, distribution) (see item 15.2)    26/05/2000

Brief explanation of omission of directional and percentage changes 
to profit in accordance with Note 1 and short details of any bonus 
or cash issue or other item(s) of importance not previously released
to the market:

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