SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.20549

                                   FORM 6-K    

                        Report of Foreign Private Issuer
                       Pursuant to Rule 13a-16 or 15d-16
                     of the Securities Exchange Act of 1934

                                       

                                 05 January 2005


                              LLOYDS TSB GROUP plc
                (Translation of registrant's name into English)


                              5th Floor
                              25 Gresham Street
                              London
                              EC2V 7HN
                              United Kingdom

                    
                    (Address of principal executive offices)



Indicate by check mark whether the registrant files or will file annual reports 
under cover Form 20-F or Form 40-F.

                          Form 20-F..X..Form 40-F.....


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 .....No ..X..

If "Yes" is marked, indicate below the file number 
assigned to the registrant in connection with Rule 
12g3-2(b): 82- ________ 



                                  Index to Exhibits

Item

No. 1         Regulatory News Service Announcement, dated 04 January 2005
              re:  'Issue of Preference shares'




                                                                  4 January 2005




LLOYDS TSB GROUP plc (the "company")

To comply with the provisions of paragraph 9.10 (a) of the listing rules the
company gives notice that it has issued 400 6% non-cumulative redeemable
preference shares of 25p each.


                                   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.

                              LLOYDS TSB GROUP plc
                                  (Registrant)



                                    By:       M D Oliver

                                    Name:     M D Oliver

                                    Title:    Director of Investor Relations



Date:     05 January 2005