Banco Bilbao Vizcaya Argentaria, S.A.

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities
Market legislation, hereby files the following

RELEVANT EVENT

Regarding the BBVA rights issue announced on 2nd November 2010, we inform you
that the Underwriting and Distribution Agreement signed between Morgan Stanley &
Co. International PLC, Goldman Sachs International, Citigroup Global Markets
Ltd, Credit Suisse Securities (Europe) Ltd, J.P. Morgan Securities Ltd, Nomura
International PLC, Société Générale and UBS Ltd as Underwriters and BBVA on 30th
October 2010, whose content and workings are described in detail in the
Securities Note registered on 2nd November by the National Securities Market
Commission (CNMV), is available to the public at the Securities and Exchange
Commission website:

http://www.sec.gov/Archives/edgar/data/842180/000095010310003215/dp19792_6k.htm


Madrid, 3rd November 2010

SIGNATURES

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.

		Banco Bilbao Vizcaya Argentaria, S.A.

Date: 11/03/2010	By:	Javier MALAGON NAVAS
	Name:	Javier MALAGON NAVAS
	Title:	Authorized representative

Banco Bilbao Vizcaya Argentaria, S.A. ———————————————————————————————————
(Translation of registrant’s name into English)

Kingdom of Spain ———————————————————————————————————
(Jurisdiction of incorporation or organization)

Plaza San Nicolás 4 48005 - BILBAO (SPAIN)
——————————————————————————————————— (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [x] Form 20-F [ ] Form 40-F

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): [ ]

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): [ ]

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 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No