Dividend Declaration

Banco Bilbao Vizcaya Argentaria SA
29 December 2000


FOURTH INTERIM DIVIDEND FOR YEAR 2000

The Board of Directors of Banco Bilbao Vizcaya Argentaria, S.A. has approved
last 19th December 2000, the payment of the fourth interim dividend for year
2000 for all issued shares (3,195,852,043).

Gross Dividend
--------------
    0.064 euros (10,65 pesetas approximately) per share


Withholding tax rate
--------------------
    Residents,     18%
    Non-Residents, 25%


Business Days
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    Record:       January 9th 2001
    Ex-dividend:  January 10th 2001
    Payment:      Upon January 10th 2001


Payment Procedure
-----------------

    The dividend payment will be carried out through the organizations members
of the Servicio de Compensacion y Liquidacion de Valores (SCLV), the security
settlement service of the Spanish Stock Exchange.
 
This resolution will be announced the 7th of January 2001 on newspapers.