Director S/hldg-Replacement

HSBC Hldgs PLC
30 October 2000



The issuer has made the following amendment to the Director Shareholding
announcement released today at 7:00 am under RNS No 2121T

The announcement refers to a disposal of shares and not an acquisition as
previously stated.

All other details remain unchanged.

The full corrected version is shown below.


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    HSBC HOLDINGS PLC

2)  NAME OF DIRECTOR

    DR H SOHMEN

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

    IN RESPECT OF THE DIRECTOR

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

    TAURO COMPANY LIMITED     3,000,000

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    CORPORATE INTEREST - TAURO COMPANY LIMITED

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    DISPOSAL - CORPORATE INTEREST

7)  Number of shares/amount of
    stock acquired



8)   (N/A%)
    of issued Class


9)  Number of shares/amount
    of stock disposed

    US$3,000,000 NOMINAL

10) DE MINIMIS
    of issued Class


11) Class of security

    HSBC CAPITAL FUNDING 
    (DOLLAR 1) L.P. 9.547%
    NON-CUMULATIVE STEP-UP
    PERPETUAL PREFERRED
    SECURITIES, SERIES 1


12) Price per share

    US$1,054.80 PER
    US$1,000 NOMINAL

13) Date of transaction

    27 OCTOBER 2000

14) Date company informed

    27 OCTOBER 2000

15) Total holding following this notification

    US$3,000,000 NOMINAL

16) Total percentage holding of issued class following this notification

    DE MINIMIS

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries
 
    E A HOBLEY, ASSISTANT SECRETARY      020 7260 3272

25) Name and signature of authorised company official responsible for
    making this notification   AS IN 24 ABOVE

   Date of Notification        27 OCTOBER 2000