ADR/TICKER SYMBOL                P-E*

CIFRA CFRVY                         22.9
Mexican retailer cashing in
on rebounding economy

PAO DE ACUCAR CBD                   10.1
Stronger economy will benefit
Brazilian supermarket chain

TELEFONOS DE MEXICO TMX             12.3
Bellwether phone telecom
becoming Internet force

TELE NORDESTE CELULAR TND           16.1
Brazilian cell-phone operator's
area has 26 million people

TELESP TSP                          12.3
So Paulo telecom being
boosted by restructuring

UNIBANCO UBB                         5.9
Low-priced Brazilian bank
in growth mode


*Estimated 2000 earnings

DATA: ADR.COM