Instalment Warrant Report - AMPIAA Dis.

Document date:  Wed 27 Feb 2002
Published:  Wed 27 Feb 2002 17:50:23
Document No:  187560
Document part:  A
Market Flag:  N
Classification:  Structured Products Issuer Report 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-02-27  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in AMP Limited (AMP) under
an Offering Circular dated 10 May 2001 (ASX Code: AMPIAA), announces
that the Record time for the entitlements to the $0.26, partially
franked (15%) distribution for the AMPIAA instalment warrants is 28
March 2002. This Record Time coincides with the record date for the
AMP ordinary shares dividend.

The AMPIAA instalment warrants will commence trading ex-distribution
on 22 March 2002. This coincides with the ex-dividend date for the
AMP ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of AMPIAA instalment warrants in the form of cleared funds no
later than 5 Business Days after 23 April 2002.

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

J Koeppenkastrop
HEAD OF ANZ EQUITY DERIVATIVES