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Becoming a substantial holder for ALS

Document date:  Mon 03 Jun 2002
Published:  Mon 03 Jun 2002 19:11:01
Document No:  265676
Document part:  A
Market Flag:  N
Classification:  Becoming a substantial holder

ALESCO CORPORATION LIMITED                    2002-06-03  ASX-SIGNAL-G

HOMEX - Sydney                                                        

Australian and New Zealand Banking Group Limited ("ANZ") became a
substantial shareholder in Alesco Corporation Limited on 30/04/2002
with a relevant interest in the issued share capital of 3,236,121
ordinary shares (9.67%).