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<SEC-DOCUMENT>0001193125-03-004106.txt : 20030509
<SEC-HEADER>0001193125-03-004106.hdr.sgml : 20030509
<ACCEPTANCE-DATETIME>20030509141833
ACCESSION NUMBER:		0001193125-03-004106
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030506
FILED AS OF DATE:		20030509

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BBVA BANCO FRANCES SA
		CENTRAL INDEX KEY:			0000913059
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12568
		FILM NUMBER:		03689958

	BUSINESS ADDRESS:	
		STREET 1:		RECONQUISTA 199
		CITY:			1003 BUENOS AIRES AR
		STATE:			C1
		ZIP:			00000
		BUSINESS PHONE:		2127595576

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRENCH BANK OF THE RIO DE LA PLATA
		DATE OF NAME CHANGE:	19931005
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF"> <hr size="4" width="100%" noshade color=black> <p align="center"><font size="5" face="Times New Roman"><b>FORM 6-K<br> SECURITIES AND EXCHANGE COMMISSION<br> </b></font> <font size="3"
face="Times New Roman"><b>Washington, D.C. 20549</b></font></p> <p align="center"> <font size="3" face="Times New Roman"><b>Report of Foreign Issuer</b></font></p> <p align="center"> <font size="3" face="Times New Roman"><b>Pursuant to Rule 13a-16
or 15d-16<br> of the Securities Exchange Act of 1934</b></font></p> <p align="center"> <font size="2" face="Times New Roman"><b>For the month of May, 2003</b></font></p> <p align="center"> <font size="2" face="Times New Roman"><b>Commission File
Number: 001-12568</b></font></p> <p align="center"> <font size="6" face="Times New Roman"><b>BBVA Banco Franc&#233;s S.A.<br> </b></font> <font size="1" face="Times New Roman"><b>(Translation of registrant&#146;s name into English)</b></font></p> <p
align="center"> <font size="2" face="Times New Roman"><b>Reconquista 199, 1006<br> Buenos Aires, Argentina<br></b></font> <font size="1" face="Times New Roman"><b>(Address of principal executive offices)</b></font></p> <p> <font size="2"
face="Times New Roman">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="31%" valign="top"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="11%" valign="top"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Form 20-F</font></p> </td>
<td width="10%" valign="top"> <p> <font size="2" face="Wingdings">x</font></p> </td>
<td width="10%" valign="top"> <p> <font size="2" face="Times New Roman">Form 40-F</font></p> </td>
<td width="36%" valign="top"> <p> <font size="2" face="Wingdings">o</font></p> </td> </tr> </table> <p> <font size="2" face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): </font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="13%">
<tr>
<td width="7%" valign="top"> <p> <font size="2" face="Times New Roman">Yes&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font></p> </td>
<td width="6%" valign="top"> <p> <font size="2" face="Times New Roman">No&nbsp;&nbsp;</font> <font size="2" face="Wingdings">x</font></p> </td> </tr> </table> <p><font size="2" face="Times New Roman">Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="13%">
<tr>
<td width="7%" valign="top"> <p> <font size="2" face="Times New Roman">Yes&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font></p> </td>
<td width="6%" valign="top"> <p> <font size="2" face="Times New Roman">No&nbsp;&nbsp;</font> <font size="2" face="Wingdings">x</font></p> </td> </tr> </table> <p> <font size="2" face="Times New Roman">Indicate by check mark whether by furnishing the
information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="13%">
<tr>
<td width="7%" valign="top"> <p> <font size="2" face="Times New Roman">Yes&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font></p> </td>
<td width="6%" valign="top"> <p> <font size="2" face="Times New Roman">No&nbsp;&nbsp;</font> <font size="2" face="Wingdings">x</font></p> </td> </tr> </table> <p> <font size="2" face="Times New Roman">If &#147;Yes&#148; is marked, indicate below the
file number assigned to the registrant in connection with Rule 12g3-2(b): &#160;N/A</font></p> <hr size="4" width="100%" noshade color=black>

<p Style = "page-break-before-always">
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER"> <p align="center"> <font size="2" face="Times New Roman"><b>BBVA Banco Franc&#233;s S.A.</b></font></p> <p align="center"> <font size="2" face="Times New Roman">TABLE OF CONTENTS</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="8%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman"><b>Item</b></font></p> </td>
<td width="1%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="79%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <hr size="1" width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="79%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">1.</font></p> </td>
<td width="1%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="79%" valign="bottom"> <p> <font size="2" face="Times New Roman">&#147;Letter to CNV regarding ordinary and extraordinary shareholders&#146; meeting, dated May 6, 2003.&#148;</font></p> </td>
<td width="10%" valign="bottom"> <p>&nbsp;</p> </td> </tr> </table>

<p Style = "page-break-before-always">
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER"> <p align=right> <font size="2" face="Times New Roman">Buenos Aires, May 6, 2003.</font></p> <p> <font size="2" face="Times New Roman">Ref.&nbsp;&nbsp;Ordinary and Extraordinary Stockholder&#146;s Meeting</font></p>
<p> <font size="2" face="Times New Roman">In reference to the Ordinary and Extraordinary Stockholder&#146;s Meeting, following article 3 and 4 of the CNV (Comisi&#243;n Nacional de Valores), regulation 368/01, we hereby infom:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="90%" colspan="5" valign="top"> <p> <font size="2" face="Times New Roman">1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors is composed as follows:</font></p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="90%" colspan="5" valign="top"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="27%" colspan="4" valign="top"> <p> <font size="2" face="Times New Roman">President:</font></p> </td>
<td width="62%" valign="top"> <p> <font size="2" face="Times New Roman">Jorge Bledel (non- independent)</font></p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="27%" colspan="4" valign="top"> <p> <font size="2" face="Times New Roman">Vice president:</font></p> </td>
<td width="62%" valign="top"> <p> <font size="2" face="Times New Roman">Juan Ignacio Gimenez Echeverr&#237;a (non- independent)</font></p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="27%" colspan="4" valign="top"> <p> <font size="2" face="Times New Roman">Directors:</font></p> </td>
<td width="62%" valign="top"> <p> <font size="2" face="Times New Roman">Marcelo Canestri (non- independent)</font></p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="27%" colspan="4" valign="top"> <p>&nbsp;</p> </td>
<td width="62%" valign="top"> <p><font size="2" face="Times New Roman">Javier D&#146;Ornellas (independent)</font></p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="27%" colspan="4" valign="top"> <p>&nbsp;</p> </td>
<td width="62%" valign="top"> <p> <font size="2" face="Times New Roman">Oscar Miguel Castro (independent)</font></p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="27%" colspan="4" valign="top"> <p>&nbsp;</p> </td>
<td width="62%" valign="top"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="27%" colspan="4" valign="top"> <p> <font size="2" face="Times New Roman">Alternate Directors</font></p> </td>
<td width="62%" valign="top"> <p> <font size="2" face="Times New Roman">Mart&#237;n Ezequiel Zarich (non- independent)</font></p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="27%" colspan="4" valign="top"> <p>&nbsp;</p> </td>
<td width="62%" valign="top"> <p> <font size="2" face="Times New Roman">Carlos Horacio Peguet (non- independent)</font></p> </td> </tr>
<tr>
<td width="100%" colspan="6" valign="top"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="90%" colspan="5" valign="top"> <p> <font size="2" face="Times New Roman">2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of three permanent and three alternate &#147;s&#237;ndicos&#148; to constitute the Inspection Committee until December 31,
2003.</font></p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="90%" colspan="5" valign="top"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="15%" colspan="3" valign="top"> <p>&nbsp;</p> </td>
<td width="18%" valign="top"> <p> <font size="2" face="Times New Roman">Permanent &#147;s&#237;ndicos&#148;:</font></p> </td>
<td width="66%" colspan="2" valign="top"> <p> <font size="2" face="Times New Roman">Hugo Alberto Luppi</font></p> </td> </tr>
<tr>
<td width="15%" colspan="3" valign="top"> <p>&nbsp;</p> </td>
<td width="18%" valign="top"> <p>&nbsp;</p> </td>
<td width="66%" colspan="2" valign="top"> <p> <font size="2" face="Times New Roman">Carlos Bernardo Srulevich</font></p> </td> </tr>
<tr>
<td width="15%" colspan="3" valign="top"> <p>&nbsp;</p> </td>
<td width="18%" valign="top"> <p>&nbsp;</p> </td>
<td width="66%" colspan="2" valign="top"> <p><font size="2" face="Times New Roman">Jorge Eduardo Ferro</font></p> </td> </tr>
<tr>
<td width="15%" colspan="3" valign="top"> <p>&nbsp;</p> </td>
<td width="18%" valign="top"> <p>&nbsp;</p> </td>
<td width="66%" colspan="2" valign="top"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="15%" colspan="3" valign="top"> <p>&nbsp;</p> </td>
<td width="18%" valign="top"> <p> <font size="2" face="Times New Roman">Alternate &#147;s&#237;ndicos&#148;:</font></p> </td>
<td width="66%" colspan="2" valign="top"> <p> <font size="2" face="Times New Roman">Lidia Beatriz Prychodzko</font></p> </td> </tr>
<tr>
<td width="15%" colspan="3" valign="top"> <p>&nbsp;</p> </td>
<td width="18%" valign="top"> <p>&nbsp;</p> </td>
<td width="66%" colspan="2" valign="top"> <p> <font size="2" face="Times New Roman">Oscar Ventrice</font></p> </td> </tr>
<tr>
<td width="15%" colspan="3" valign="top"> <p>&nbsp;</p> </td>
<td width="18%" valign="top"> <p>&nbsp;</p> </td>
<td width="66%" colspan="2" valign="top"> <p> <font size="2" face="Times New Roman">Juan Carlos Yemma</font></p> </td> </tr>
<tr>
<td width="100%" colspan="6" valign="top"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="4%" valign="top"> <p> <font size="2" face="Times New Roman">2)</font></p> </td>
<td width="85%" colspan="4" valign="top"> <p> <font size="2" face="Times New Roman">In connection with the appointment of the independent accountant to audit the 2003 Annual Financial Statements - in accordance with Decree 677/2001 and 400/2002,
which requires the auditor to present a sworn statement to CNV (Comisi&#243;n Nacional de Valores), this item will be treated in a future Stockholder&#146;s Meeting to be summoned on May 30, 2003 at 4PM. The Meeting will take place in Rivadavia 409,
2&#176; Floor.</font></p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="4%" valign="top"> <p>&nbsp;</p> </td>
<td width="85%" colspan="4" valign="top"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="9%" valign="top"> <p>&nbsp;</p> </td>
<td width="90%" colspan="5" valign="top"> <p> <font size="2" face="Times New Roman">4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We attach the summary of the items voted in the Stockholder&#146;s Meeting held on April 30, 2003.</font></p> </td> </tr>
<tr>
<td width=71 style='border:none'></td>
<td width=31></td>
<td width=8></td>
<td width=131></td>
<td width=29></td>
<td width=450></td> </tr> </table>

<p Style = "page-break-before-always">
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER"> <p><font size="2" face="Times New Roman"><b>RESOLUTIONS VOTED WITH RESPECT TO EACH ITEM OF THE AGENDA OF THE ORDINARY AND EXTRAORDINARY STOCKHOLDERS&#180; MEETING OF BANCO FRANCES HELD ON APRIL 30, 2003, IN BUENOS
AIRES, ARGENTINA</b></font></p> <p> <font size="2" face="Times New Roman">All percentages were calculated by considering positive and negative votes; that is excluding abstentions.</font></p> <p> <font size="2"
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Item 1 : Election of two stockholders to approve and sign the minutes of the Stockholders&#146; Meeting.</b></font></p> <p> <font size="2"
face="Times New Roman">Mr. Juan Duggan and Mr. Gotardo Pedemonte were appointed to approve and sign the minutes of the Stockholders&#146; Meeting.</font></p> <p> <font size="2" face="Times New Roman">This resolution was approved and
obtained:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="75%">
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes in favor:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">330,699,766</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">99.63</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes against:</font></p> </td>
<td width="2%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">3,957</font></p> </td>
<td width="2%" valign="bottom"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">0.00</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">Abstentions:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">1,192,146</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr> </table> <p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Item 2: Approval of the Directors&#146; Report, Annual
Financial Statements, Report of the Inspection Committee and Auditors&#146; Report, for the fiscal year Number 128, ended December 31, 2002.</b></font></p> <p> <font size="2" face="Times New Roman">This resolution was approved and
obtained:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="75%">
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes in favor:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">318,107,000</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">86.41</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes against:</font></p> </td>
<td width="2%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">4,794</font></p> </td>
<td width="2%" valign="bottom"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">0.00</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">Abstentions:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">13,784,075</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr> </table> <p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Item 3: Approval of the performance of the Board of
Directors and Inspection Committee.</b></font></p>

<p Style = "page-break-before-always">
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER"> <p> <font size="2" face="Times New Roman">This resolution was approved and obtained:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="75%">
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes in favor:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">322,883,738</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">87.71</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes against:</font></p> </td>
<td width="2%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">23,022</font></p> </td>
<td width="2%" valign="bottom"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">0.01</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Abstentions:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">8,989,109</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr> </table> <p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Item 4: Earnings distribution.</b></font></p> <p> <font
size="2" face="Times New Roman">The Board of Directors informed that the Central Bank - through its Comunicaci&#243;n &#147;A&#148; 3574 - has suspended the payment of dividends for financial entities.&#160; Thus, this item was not voted.</font></p>
<p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Item 5: Compensation of the members of the Board of Directors (appropiated amount: $553,411.77) for the fiscal year ended December 31, 2002,
which registered a net loss computable under CNV (Comisi&#243;n Nacional de Valores) standards.</b></font></p> <p> <font size="2" face="Times New Roman">In accordance with article 261 of the Ley de Sociedades Comerciales and Chapter III of General
Resolution 368 (articles 4 and 5), of the CNV (Comisi&#243;n Nacional de Valores), whenever there is no dividend payment to stockholders, the compensation of the members of the Board of Directors is limited to up to 5% of computable net
income.&#160; If such limit is exceeded, stockholders are required to approve the compensation paid to the members of the Board of Directors at a shareholders&#146; meeting.</font></p> <p> <font size="2" face="Times New Roman">This resolution was
approved and obtained:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="75%">
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes in favor:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">328,663,058</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">89.28</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes against:</font></p> </td>
<td width="2%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">134,359</font></p> </td>
<td width="2%" valign="bottom"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">0.04</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">Abstentions:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">13,784,075</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr> </table>

<p Style = "page-break-before-always">
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER"> <p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Item 6: Compensation of the members of the Inspection Committee (appropriated amount: $60,000) for the fiscal
year ended December 31, 2002, which registered a net loss computable under CNV (Comisi&#243;n Nacional de Valores) standards.</b></font></p> <p> <font size="2" face="Times New Roman">This resolution was approved and obtained:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="75%">
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes in favor:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">328,680,127</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">89.28</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes against:</font></p> </td>
<td width="2%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">139,168</font></p> </td>
<td width="2%" valign="bottom"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">0.04</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">Abstentions:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">3,076,574</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr> </table> <p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Item 7: Establishment of the number of Directors and, if
necessary, ensuing election of new Directors.</b></font></p> <p> <font size="2" face="Times New Roman">Following the resignation of Messrs. Jaime Guardiola, Amadeo V&#225;zquez and Ignacio S&#225;nchez Asia&#237;n-S&#225;nz, who served as permanent
Directors of the Board, and Messrs. Mart&#237;n Zarich and Jos&#233; Mar&#237;a Ayala Vargas, who served as alternate Directors, the number of members of the Board of Directors was fixed at five and the alternate members remained in two. Messrs.
Jorge Bledel and Juan Ignacio Gim&#233;nez Echeverr&#237;a were appointed as non-independent permanent members and Mr. Oscar Castro was appointed as an independent permanent member.&#160; Messrs. Mart&#237;n Ezequiel Zarich and Carlos Horacio Peguet
were appointed to serve as non-independent alternate members.&#160; All mandates will be for a three-years period. </font></p> <p> <font size="2" face="Times New Roman">This resolution was approved and obtained:</font></p>

<p Style = "page-break-before-always">
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="75%">
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes in favor:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">328,724,575</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">89.30</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">Votes against:</font></p> </td>
<td width="2%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">106,272</font></p> </td>
<td width="2%" valign="bottom"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">0.03</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Abstentions:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">3,065,022</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr> </table> <p align="center"> <font size="2" face="Times New Roman">&nbsp;</font></p> <p> <font size="2"
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Item 8: Election of three permanent and three alternate &#147;s&#237;ndicos&#148; to constitute the Inspection Committee until December 31, 2003.</b></font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="4%" valign="top"> <p>&nbsp;</p> </td>
<td width="95%" valign="top"> <p> <font size="2" face="Times New Roman">Public Accountants Hugo Alberto Luppi, Carlos Bernardo Srulevich and Jorge Eduardo Ferro were elected to serve as a permanent member of the Inspection Committee and Lidia
Beatriz Prychodzko, Oscar Ventrice and Juan Carlos Yemma were elected to serve as alternate members of the Inspection Committee. All mandates will be for a period of one year, which is to end on December 31, 2003.</font></p> </td> </tr> </table> <p>
<font size="2" face="Times New Roman">This resolution was approved and obtained:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="75%">
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes in favor:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">330,702,835</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">99.64</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">Votes against:</font></p> </td>
<td width="2%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">102,894</font></p> </td>
<td width="2%" valign="bottom"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">0.00</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Abstentions:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">1,193,034</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr> </table> <p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Item 9: Approval of independent accountant&#146;s
compensation for auditing the Annual Financial Statements for the fiscal year January &#150; December 2002.&#160; Appointment of an independent accountant to audit the Annual Financial Statements for the present fiscal year.</b></font></p> <p> <font
size="2" face="Times New Roman">The compensation for the independent accountant &#150; Pistreli, D&#237;az y Asociados and Deloitte &amp; Co - for auditing the Financial Statements for the fiscal year ended December 31, 2002, was set at Ps.
770,650.</font></p>

<p Style = "page-break-before-always">
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER"> <p> <font size="2" face="Times New Roman">In connection with the appointment of the independent accountant to audit the 2003 Annual Financial Statements - in accordance with Decree 677/2001 and 400/2002, which
requires the auditor to present a sworn statement to CNV (Comisi&#243;n Nacional de Valores), this item will be treated in a future Stockholder&#146;s Meeting to be summoned on May 30, 2003. &#160;&#160; </font></p> <p> <font size="2"
face="Times New Roman">This resolution was approved and obtained:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="75%">
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">Votes in favor:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">330,703,720</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">99.64</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes against:</font></p> </td>
<td width="2%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">97,182</font></p> </td>
<td width="2%" valign="bottom"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">0.00</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Abstentions:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">1,192,149</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr> </table> <p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Item 10: Banco Franc&#233;s bylaws</b></font></p> <p> <font
size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment to the bylaws to exclude the company from the &#147;Statutory Optional System of Public Offering with Mandatory Acquisition&#148; (Decree 677/01,
Chapter VI).&#160; It is proposed to add the following paragraph to Section 1 of the Company&#146;s Bylaws: BBVA Banco Franc&#233;s S.A. is a &#147;Company Not Adhering to the &#145;Statutory Optional System of Public offering with Mandatory
Acquisition&#146; as provided in section 24 of Decree 677/2001. </font></p> <p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The new
section 1 of the Bylaws shall read as follows: The corporation <i>(sociedad an&#243;nima)</i> organized under the name &#147;Banco Franc&#233;s S.A.&#148;. will continue doing business&#160; under the name BBVA Banco Franc&#233;s S.A. The company
has legal domicile in the jurisdiction of Buenos Aires City and special domiciles for existing branches or branches to be set up in the future, both in the Argentine Republic and abroad, according to the current legislation for financial
institutions. BBVA Banco Franc&#233;s S.A. is a &#147;Company Not Adhering to the &#145;Statutory Optional System of Public offering with Mandatory Acquisition&#146; as provided in section 24 of Decree 677/2001&#148;.</font></p>

<p Style = "page-break-before-always">
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER"> <p> <font size="2" face="Times New Roman">This resolution was approved and obtained:</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="75%">
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes in favor:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">318,048,391</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size="2" face="Times New Roman">86.40</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Votes against:</font></p> </td>
<td width="2%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">12,642,319</font></p> </td>
<td width="2%" valign="bottom"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size="2" face="Times New Roman">3.43</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size="2" face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">Abstentions:</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p style="margin-left:1em; text-indent:-1em">&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size="2" face="Times New Roman">1,205,159</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p>&nbsp;</p> </td> </tr> </table>

<p Style = "page-break-before-always">
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER"> <p align="center"> <font size="2" face="Times New Roman">SIGNATURES</font></p> <p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</font></p>
<table align="center" border="0" style="border-collapse:collapse" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="54%" valign="top"> <p>&nbsp;</p> </td>
<td width="45%" colspan="2" valign="top"> <p> <font size="2" face="Times New Roman"><b>BBVA B<small>ANCO</small> F<small>RANC&#201;S</small> S.A.</b></font></p> </td> </tr>
<tr>
<td width="54%" valign="top"> <p>&nbsp;</p> </td>
<td width="45%" colspan="2" valign="top"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="54%" valign="top"> <p>&nbsp;</p> </td>
<td width="45%" colspan="2" valign="top"> <p>&nbsp;</p> </td> </tr>
<tr>
<td width="54%" valign="top"> <p> <font size="2" face="Times New Roman">Date:&nbsp;&nbsp;&nbsp;May 6, 2003</font></p> </td>
<td width="6%" valign="top"> <p> <font size="2" face="Times New Roman">By:</font></p> </td>
<td width="39%" valign="top"> <p align="center"> <font size="2" face="Times New Roman">/s/ M<small>AR&#205;A</small> E<small>LENA</small> S<small>IBURU DE</small> L<small>&#211;PEZ</small> O<small>LIVA</small></font></p> </td> </tr>
<tr>
<td width="54%" valign="top"> <p>&nbsp;</p> </td>
<td width="6%" valign="top"> <p>&nbsp;</p> </td>
<td width="39%" valign="top"> <hr size="1" width="100%" noshade color=black> </td> </tr>
<tr>
<td width="54%" valign="top"> <p>&nbsp;</p> </td>
<td width="6%" valign="top"> <p><font size="2" face="Times New Roman">Name:</font></p> </td>
<td width="39%" valign="top"> <p align="center"> <font size="1" face="Times New Roman"><b>Mar&#237;a Elena Siburu de L&#243;pez Oliva</b></font></p> </td> </tr>
<tr>
<td width="54%" valign="top"> <p>&nbsp;</p> </td>
<td width="6%" valign="top"> <p> <font size="2" face="Times New Roman">Title:</font></p> </td>
<td width="39%" valign="top"> <p align="center"> <font size="1" face="Times New Roman"><b>Investor Relations Manager</b></font></p> </td> </tr> </table>
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