EXHIBIT 24.1

                                POWER OF ATTORNEY


KNOW ALL PERSONS BY THESE PRESENTS, that each of UnionBanCal Corporation and the
several undersigned officers and directors whose signatures appear below, hereby
makes,  constitutes  and appoints  David I. Matson,  David A.  Anderson and John
McGuckin,  Jr., and each of them acting individually,  its, his and her true and
lawful  attorneys  with  power to act  without  any other and with full power of
substitution, to prepare, execute, deliver and file in its, his and her name and
on its,  his and her  behalf,  and in  each  of the  undersigned  officer's  and
director's  capacity or capacities as shown below, an Annual Report on Form 10-K
for the year ended December 31, 2003, and all exhibits thereto and all documents
in support  thereof  or  supplemental  thereto,  and any and all  amendments  or
supplements  to the  foregoing,  hereby  ratifying and  confirming  all acts and
things which said  attorneys or attorney  might do or cause to be done by virtue
hereof.

IN WITNESS WHEREOF,  UnionBankCal  Corporation has caused this power of attorney
to be signed on its behalf, and each of the undersigned  officers and directors,
in the capacity or capacities  noted, has hereunto set his or her hand as of the
date indicated below.

                                UNIONBANCAL CORPORATION



                                By    /S/ NORIMICHI KANARI
                                   ---------------------------------------------
                                   Name:  Norimichi Kanari
                                   Title: President and Chief Executive Officer
                                          and Director

Dated:     February 24, 2004
       ----------------------------


                SIGNATURE                               TITLE
                ---------                               -----


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            David R. Andrews                           Director


        /S/ L. DALE CRANDALL
-------------------------------------------
            L. Dale Crandall                           Director


        /S/ RICHARD D. FARMAN
-------------------------------------------
            Richard D. Farman                          Director


        /S/ STANLEY F. FARRAR
-------------------------------------------
            Stanley F. Farrar                          Director





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      /S/ MICHAEL J. GILLFILLAN
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          Michael J. Gillfillan                        Director


       /S/ RICHARD C. HARTNACK
-------------------------------------------
           Richard C. Hartnack                         Director


-------------------------------------------
              Satoru Kishi                             Director


        /S/ MONICA C. LOZANO
-------------------------------------------
            Monica C. Lozano                           Director


          /S/ MARY S. METZ
-------------------------------------------
              Mary S. Metz                             Director


-------------------------------------------
           Takahiro Moriguchi                          Director


       /S/ J. FERNANDO NIEBLA
-------------------------------------------
           J. Fernando Niebla                          Director


       /S/ CHARLES R. RINEHART
-------------------------------------------
           Charles R. Rinehart                         Director


        /S/ CARL W. ROBERTSON
-------------------------------------------
            Carl W. Robertson                          Director


        /S/ TAKAHARU SAEGUSA
-------------------------------------------
            Takaharu Saegusa                           Director


          /S/ TETSUO SHIMURA
-------------------------------------------
              Tetsuo Shimura                           Director


         /S/ ROBERT M. WALKER
-------------------------------------------
             Robert M. Walker                          Director