BST`s Warrant Cancellations

Document date:  Mon 04 Jan 1999
Published:  Mon 04 Jan 1999 00:00:00
Document No:  174986
Document part:  A
Market Flag:  N
Classification:  

BANKERS TRUST AUSTRALIA LIMITED               1999-01-04  ASX-SIGNAL-G

HOMEX - Sydney                                                        

+++++++++++++++++++++++++
Bankers Trust Australia Limited ("BTAL") hereby notifies the
Australian Stock Exchange that BTAL has cancelled the warrants, as
described in Appendix 1.

BTAL has also notified the warrant registries (Corporate Registry
Services Pty Limited and National Registry Services P/L) and the
Australian Securities and0
 Investments Commission of the cancellation.

If you have any enquiries please do not hesitate to contact Mark
Small on 9259 3628.


M Small
SENIOR VICE PRESIDENT


APPENDIX 1


NUMBER OF                 DESCRIPTION                   ASX CODE
WARRANTS        SHARE   STRIKE    EXPIRY     TYPE

 8,000,000       ANZ    $10.00    27/01/99   Call        ANZWBC
 4,000,000       CBA    $17.00    28/04/99   Call        CBAWBC
 6,000,000       NAB    $22.00    29/07/99   Put         N0
ABWBD
 5,000,000       RIO    $20.00    25/03/99   Call        RIOWBC
10,000,000       RIO    $21.00    24/02/99   Put         RIOWBP
 2,000,000       SGB     $8.75    27/10/99   Put         SGBWBP
 3,000,000       SGB     $9.00    28/07/99   Call        SGBWBT
 2,000,000       STO     $5.75    28/06/99   Put         STOWBP
 3,000,000       TLS     $4.25    27/05/99   Call        TLSWBT
 1,500,000       WBC     $8.00    28/07/99   Put         WBCWBP 
 2,000,000       WPL    $0
10.50    24/03/99   Put         WPLWBP


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