Change in substantial holding

Document date:  Wed 10 May 2000
Published:  Wed 10 May 2000 08:50:30
Document No:  161969
Document part:  A
Market Flag:  N
Classification:  Change in substantial holding 

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-05-10  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Franklin Resources Inc. increased its relevant interest in Australia
& New Zealand Banking Group Limited on 08/05/2000, from 93,449,636
ordinary shares (6.04%) to 109,261,388* ordinary shares (7.06%).

*The total number of shares includes 4,731,475 ordinary shares by
virtue of holding 946,295 American Depository Receipts.