BHPIAA Instalment Warrants

Document date:  Fri 09 Nov 2001
Published:  Fri 09 Nov 2001 15:32:49
Document No:  183642
Document part:  A
Market Flag:  N
Classification:  Structured Products Issuer Report 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2001-11-09  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in BHP Billiton Limited
(BHP) under an Offering Circular dated 10 May 2001 (ASX Code:
BHPIAA), announces that the Record Time for the entitlements to the
$0.126079, fully franked distribution for the BHPIAA instalment
warrants is 16 November 2001. This Record Time coincides with the
record date for the BHP ordinary shares dividend.

The BHPIAA instalment warrants will commence trading ex-distribution
on 12 November 2001. This coincides with the ex-dividend date for the
BHP ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of BHPIAA as soon as possible after receipt in the form of
cleared funds.

Defined terms used in this announcement have the meanings given to
them in the Offering Circular dated 10 May 2001.



D Hornery 
GLOBAL HEAD OF CAPITAL MARKETS