UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report For the Quarter Ended: December 31, 2009
Check here if Amendment [ X]; Amendment Number: 1
This Amendment (Check only one.): [ ] is a restatement.
[ X] adds new holdings entries.
Institutional Investment Manager Filing this report:
Name: The Royal Bank of Scotland Group Plc
Address: PO Box 31
36 St Andrew Square
Edinburgh EH2 2YB
Scotland
13F File Number: 028-05855
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Aileen Taylor
Title: Head of Group Secretariat
Phone: (+44) 0131 626 4099
Signature, Place and Date of Signing:
Aileen Taylor Edinburgh, Scotland March 08, 2010
Report Type (check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 43
Form 13F Information Table Value Total: $1,626,532,146
List of Other Included Managers:
No. 13F File Number Name
10 028-05954 Citizens Bank
7 028-05855 The Royal Bank of Scotland Plc
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AT&T INC COM 00206R102 13207 471165 SH CALL DEFINED 7 471165 0 0
ABBOTT LABS COM 002824100 2700 50000 SH CALL DEFINED 7 50000 0 0
AMGEN INC COM 031162100 2829 50000 SH CALL DEFINED 7 50000 0 0
ANADARKO PETE CORP COM 032511107 3745 60000 SH CALL DEFINED 7 60000 0 0
ANADARKO PETE CORP COM 032511107 9363 150000 SH PUT DEFINED 7 150000 0 0
BAKER HUGHES INC COM 057224107 3238 80000 SH CALL DEFINED 7 80000 0 0
BAKER HUGHES INC COM 057224107 8396 207400 SH PUT DEFINED 7 207400 0 0
BANK OF AMERICA CORPORATION COM 060505104 16096 1068760 SH CALL DEFINED 7 1068760 0 0
BANK OF AMERICA CORPORATION COM 060505104 618 41051 SH PUT DEFINED 7 41051 0 0
CAMECO CORP COM 13321L108 8744 271800 SH CALL DEFINED 7 271800 0 0
CISCO SYS INC COM 17275R102 1556 65000 SH CALL DEFINED 7 65000 0 0
CITIGROUP INC COM 172967101 9599 2900000 SH CALL DEFINED 7 2900000 0 0
CITIGROUP INC COM 172967101 3115 941100 SH PUT DEFINED 7 941100 0 0
CONOCOPHILLIPS COM 20825C104 5107 100000 SH CALL DEFINED 7 100000 0 0
CONOCOPHILLIPS COM 20825C104 5383 105400 SH PUT DEFINED 7 105400 0 0
EXXON MOBIL CORP COM 30231G102 12177 178571 SH CALL DEFINED 7 178571 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 40 500 SH PUT DEFINED 7 500 0 0
GENERAL ELECTRIC CO COM 369604103 19583 1294332 SH CALL DEFINED 7 1294332 0 0
GENERAL ELECTRIC CO COM 369604103 85031 5620000 SH PUT DEFINED 7 5620000 0 0
HALLIBURTON CO COM 406216101 13240 440000 SH CALL DEFINED 7 440000 0 0
HEWLETT PACKARD CO COM 428236103 3951 76700 SH CALL DEFINED 7 76700 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 15054 115000 SH CALL DEFINED 7 115000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 9818 75000 SH PUT DEFINED 7 75000 0 0
ISHARES TR INDEX MSCI EMERG MKT 464287234 231939 5588881 SH CALL DEFINED 7 15588881 0 0
ISHARES TR INDEX MSCI EMERG MKT 464287234 580959 13999000 SH PUT DEFINED 7 13999000 0 0
ISHARES TR INDEX DJ US REAL EST 464287739 25 550 SH DEFINED 10 0 0 0
ISHARES TR INDEX DJ US REAL EST 464287739 5740 125000 SH CALL DEFINED 7 125000 0 0
JPMORGAN CHASE & CO COM 46625H100 4063 97500 SH PUT DEFINED 7 97500 0 0
MASTERCARD INC CL A 57636Q104 260851 1019030 SH DEFINED 7 1019030 0 0
MASTERCARD INC CL A 57636Q104 38397 150000 SH CALL DEFINED 7 150000 0 0
MASTERCARD INC CL A 57636Q104 38397 150000 SH PUT DEFINED 7 150000 0 0
MORGAN STANLEY COM NEW 617446448 11840 400000 SH PUT DEFINED 7 400000 0 0
PFIZER INC COM 717081103 38159 2097800 SH CALL DEFINED 7 2097800 0 0
PFIZER INC COM 717081103 26785 1472500 SH PUT DEFINED 7 1472500 0 0
PROCTER & GAMBLE CO COM 742718109 3032 50000 SH CALL DEFINED 7 50000 0 0
PROCTER & GAMBLE CO COM 742718109 12126 200000 SH PUT DEFINED 7 200000 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 3421 60000 SH CALL DEFINED 7 60000 0 0
3M CO COM 88579Y101 8267 100000 SH CALL DEFINED 7 100000 0 0
3M CO COM 88579Y101 8267 100000 SH PUT DEFINED 7 100000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 4188 250000 SH CALL DEFINED 7 250000 0 0
WAL MART STORES INC COM 931142103 21380 400000 SH PUT DEFINED 7 400000 0 0
WELLS FARGO & CO NEW COM 949746101 26990 1000000 SH CALL DEFINED 7 1000000 0 0
WELLS FARGO & CO NEW COM 949746101 49122 1820000 SH PUT DEFINED 7 1820000 0 0