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Instalment Warrant Distribution - WMCIAA

Document date:  Thu 15 Aug 2002
Published:  Thu 15 Aug 2002 19:12:54
Document No:  193500
Document part:  A
Market Flag:  N
Classification:  Structured Products Distribution

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-08-15  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in WMC Limited (WMC) under
the Offering Circular dated 10 May 2001 (ASX Code: WMCIAA), announces
that the Record Time for the entitlements to the $0.05, fully franked
distribution for the WMCIAA instalment warrants is 23 August 2002.
This Record Time coincides with the record date for the WMC ordinary
shares dividend.

The WMCIAA instalment warrants will commence trading ex-distribution
on 19 August 2002. This coincides with the ex-dividend date for the
WMC ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of WMCIAA instalment warrants in the form of cleared funds no
later than 5 Business Days after 10 September 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