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COMPANY/(ADR SYMBOL)                       PRICE*         P-E RATIO**



AMBEV (ABV)                                20.00              20
Largest brewery in Latin America,
with operations in Brazil, Argentina,
and Venezuela



FEMSA (FMX)                                34.45              11
Mexican brewer/soft-drink maker
tapping real wage improvement,
expected 2002 economic recovery



AMERICA MOVIL (AMX)                        18.60              109
Telecom company with holdings
throughout Latin America, should be
buoyed by strong cellular growth
in Mexico



TELEMAR TELE NORTE LESTE (TNE)             13.81               14
Brazil's biggest fixed-line phone
company poised for growth



BANCOMER (GFBBO)                            0.87               12
Largest publicly traded bank in Mexico
benefiting from drop in interest
rates, expected credit expansion



* Prices as of 12/14 close
** Estimated 2002 earnings



Data: Analysts' surveys, Bloomberg Financial Markets