Prospectus excerpt:  Each trust preferred security represents preferred undivided beneficial interests in the assets of ABN AMRO Capital Funding Trust VII, which will purchase a corresponding amount of preferred securities issued by ABN AMRO Capital Funding LLC VII. Dividends and redemption and liquidation payments paid by ABN AMRO Capital Funding LLC on its preferred securities will pass through ABN AMRO Capital Funding Trust to you as distributions and redemption and liquidation payments on the trust preferred securities.

The trust preferred securities will pay quarterly distributions on the last day of March, June, September and December of each year, commencing in March 2004, at an annual rate of 6.08% of the liquidation preference, or $1.52 annually per trust preferred security. The LLC may redeem the LLC preferred securities, in whole or in part, on February 18, 2009 and at any time thereafter. Upon any such redemption, the Trust would redeem an equal amount of trust securities. Upon the occurrence of a Regulatory Event (as discussed on page S-14), the trust preferred securities will be exchanged for perpetual, non-cumulative capital securities of ABN AMRO Bank N.V.