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BANCO DE CHILE (BODD)

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Monday 24 March, 2003

BANCO DE CHILE

Dividend Declaration

Banco de Chile
24 March 2003

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 6-K

                             REPORT OF FOREIGN ISSUER

                     Pursuant to Rule 13a-16 or 15d-16 of the
                              Securities Act of 1934



                          For the month of March, 2003

                                 of Chile, Bank
                 (Translation of Registrant's name into English)

                                     Chile
                (Jurisdiction of incorporation or organization)

                                  Ahumada 251

                                Santiago, Chile
                    (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
                   Form 20-F   X                                          Form 40-F  _____

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g-3-2(b) under the Securities Exchange Act of
1934.
                       Yes _____                                               No   X

(If 'Yes' is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- ____.)




                                 BANCO DE CHILE

                               REPORT ON FORM 6-K





Attached is an English translation of press releases published by Banco de Chile
in local newspapers on March 21, 2003, informing the payment of dividends.






                                 BANCO DE CHILE

                           DISTRIBUTION OF DIVIDENDS





At the Ordinary Shareholders Meeting of the Bank, held on March 20, 2003, it was
agreed the distribution and payment of dividend Ndegrees191, in the amount of
CLP$0.7731 per Banco de Chile common share, corresponding to the 2002 income of
Banco de Chile. The shareholders of the Bank may dispose of the aforesaid
dividends at the Main Offices of Banco de Chile, 251 Ahumada Street, Santiago.



The payment of dividends for those shareholders residing in regions will be
delivered at the corresponding branch of the Bank. Dividends will be deposited
in current or saving account if it was so instructed by the shareholders.



Shareholders registered at the Shareholders Register of the Bank on or before
March 14, 2003 shall have the right to receive dividends.





                                                          GENERAL MANAGER



Santiago, March 2003.












                                   SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Date: March 21, 2003

Banco de Chile



/s/ Pablo Granifo L.

By: Pablo Granifo Lavin

General Manager


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