/raid1/www/Hosts/bankrupt/TCRLA_Public/020612.mbx        T R O U B L E D   C O M P A N Y   R E P O R T E R

                   L A T I N   A M E R I C A

           Wednesday, June 12, 2002, Vol. 3, Issue 115

                           Headlines



A R G E N T I N A

CLAXSON INTERACTIVE: Market Value Drop Forces to Nasdaq SmallCap
PEREZ COMPANC: Launches Exchange Offer to Roll Over Notes
REPSOL YPF: Shareholders Give Chairman Until July To Name CEO
TELEFONICA DE ARGENTINA: Gets Approval on Indenture Amendment


B E R M U D A

GLOBAL CROSSING: April Net Loss Shrinks Despite Revenue Drop
MUTUAL RISK: Cauley Geller Announces Class Action Lawsuit
TYCO INTERNATIONAL: Board Ousts General Counsel
TYCO INTERNATIONAL: Responds to Belnick's Attorney's Comments
TYCO INTERNATIONAL: Fitch Downs Senior Unsecured To 'BB'
TYCO INTERNATIONAL: Fitch Lowers CIT's Senior Debt To 'BBB'
VIATEL HOLDING: Emerges From Chapter 11; Predicts Perfect Timing


B R A Z I L

BCP: Parent-Creditor Talks Still Deadlocked
BCI: Schedules Meetings to Approve Plan of Arrangement
EMBRAER: Heralds Aviation Recovery With Sale Of 22 Jets


C H I L E

COEUR D'ALENE MINES: Production At Cerro Bayo Improves


M E X I C O

CORPORACION DURANGO: Opens Cash Offer To Tender 2003 Notes
GRUPO MEXICO: Workers End Strike; Accept 5.25% Salary Hike
GRUPO SIDEK: May Assets Sales Report Shows Little Activity


P E R U

AERO CONTINENTE: Comes To Blows With Chilean Regulators Again


T R I N I D A D   &   T O B A G O

BWIA: Union Readies To Challenge Decision To Dismiss Workers


     - - - - - - - - - -

=================
A R G E N T I N A
=================

CLAXSON INTERACTIVE: Market Value Drop Forces to Nasdaq SmallCap
----------------------------------------------------------------
Claxson Interactive Group, Inc., announced Monday that the Nasdaq
Stock Market approved its request to transfer the listing of its
common stock from the Nasdaq National Market to the Nasdaq
SmallCap Market, effective as of the commencement of trading on
Wednesday, June 12, 2002.  The stock will continue trading under
the symbol XSON.

Claxson requested the transfer to the Nasdaq SmallCap Market
because it was unable to meet the market value of publicly held
shares requirement of the Nasdaq National market for the minimum
number of consecutive trading days, which was due in part to its
recent stock price.

About Claxson

Claxson (Nasdaq: XSON) is a multimedia company providing branded
entertainment content targeted to Spanish and Portuguese speakers
around the world.  Claxson has a portfolio of popular
entertainment brands that are distributed over multiple platforms
through Claxson's assets in pay television, broadcast television,
radio and the Internet.  Claxson was formed through the merger of
El Sitio and assets contributed by members of the Cisneros Group
of Companies and funds affiliated with Hicks, Muse, Tate & Furst
Inc.  Headquartered in Buenos Aires, Argentina, and Miami Beach,
Florida, Claxson has a presence in all key Ibero-American
countries and in the United States.

To see Financial Statement:
http://bankrupt.com/misc/CLAXSONfinancial.htm

CONTACT:  CLAXSON INTERACTIVE GROUP, INC.
          Media: Alfredo Richard, SVP, Communications
          Tel. +1-305-894-3588

          Investors: Jose Antonio Ituarte, CFO
          Tel. 011-5411-4339-3700


PEREZ COMPANC: Launches Exchange Offer to Roll Over Notes
---------------------------------------------------------
Perez Companc S.A. announced Monday its subsidiary Pecom EnergĦa
S.A.'s offer to exchange four series of new notes for four series
of existing notes. The new notes will carry the same interest
rate of each series of existing notes and extend the maturity by
three years.

The exchange offer is part of an overall refinancing of most of
Pecom EnergĦa S.A. financial liabilities. Simultaneously with the
exchange offer, Pecom EnergĦa S.A. has begun discussions with its
banks to replace or exchange significant portion of its short and
long term debt with long term credit facilities.

Pecom EnergĦa S.A. is seeking to refinance the following
indebtedness:

- US$ 997.5 million of indebtedness related to the Existing
  Notes;
- US$ 97,500,000 of 7 7/8 % Notes due August, 2002
- US$ 300,000,000 of 9 % Notes due January, 2004
- US$ 200,000,000 of 9 % Notes due May, 2006
- US$ 400,000,000 of 8 1/8 % Notes due July, 2007
- approximately US$ 950 million of indebtedness owed to financial
  institutions relating to working capital loans, debt issuances,
  trade financings and letter of credit facilities.

The company's explanation for the move cited the Argentine
economy and its persistent recession since 1998. In recent months
the recession has deepened into an unprecedented political and
economic crisis which has disrupted Argentina's financial system
and effectively paralyzed its economy. In response to the current
crisis, the Argentine government has recently undertaken numerous
and far-reaching initiatives, the full consequences of which are
still uncertain, which include among others, restructuring bank
deposits and imposing restrictions on bank withdrawals; ratifying
the suspension of payment of most of Argentina's sovereign debt;
ending the Convertibility Law which effectively fixed the
exchange rate at one peso per dollar, with the resulting
devaluation of the peso; imposing restrictions on transfers of
funds abroad; enacting export taxes on hydrocarbons and certain
oil by products; and the pesification (conversion) of utility
rates at an exchange rate of US$1.00 = P$1.00 and imposing
restrictions on rate increases until new rate structures are
negotiated with Argentine regulatory authorities.

Although the long-term effect of the current crisis and the new
governmental measures remains uncertain, they have had an
immediate and materially adverse effect on liquidity, financial
condition and results of operations, including among others, our
need to take impairment charges in the fourth quarter of 2001 to
write-off the value of certain assets; a reduction in margins
beginning in the second quarter of 2002 in U.S. dollar terms as a
result of export taxes imposed by the Argentine government on
crude oil exports and on exports of other oil by-products; the
default or possibility of default by our affiliates on their debt
payments, which could result in the loss of all or a portion of
our equity interest in such affiliates; and a significant
decrease in revenues and earnings of the Company's utility
affiliates and electricity generation assets as a result of the
pesification of utility rates.

Most Argentine companies, including Pecom EnergĦa S.A., have had
limited access to the capital markets over the last few years.
Pecom's limited new debt financing alternatives disappeared
completely after December 2001 when the Argentine government
defaulted on most of its financial obligations. In addition to
Argentina's debt crisis, the ability to access capital and bank
loan markets over the last few years has also been affected by
the economic recession and political instability in Argentina.
The prospects of Argentine companies accessing the financial
markets either internationally or in Argentina in the near or
medium-term are very poor.

Pecom's states its refinancing plan objectives are as follows:

- Realignment of principal payments with cash flows from
operations. As a result of the Argentine financial crisis, we
have been unable to obtain medium and long term financing to
refinance indebtedness as it has come due as we have historically
been able to do, resulting in a substantial amount of short-term
indebtedness. The refinancing of our indebtedness will allow us
to realign our principal payments with our cash flows and
establish a manageable debt maturity profile.

- Provides additional time for Argentina to stabilize
economically and politically. The refinancing of our indebtedness
will provide additional time for the political and economic
situation in Argentina to stabilize, which may provide Argentine
companies with opportunities to access the capital markets once
again. In addition, we believe our operating results will improve
when the Argentine economy stabilizes and begins to grow again.
Pecom EnergĦa S.A. is making the exchange offer, and will issue
new notes, only to "qualified institutional buyers" or outside
the United States in offshore transactions in reliance on
Regulation S under the U.S. Securities Act.

The new notes will not, upon issuance, be registered under the
U.S. Securities Act of 1933 and may not be offered or sold in the
United States absent registration or an exemption from
registration.

This announcement appears as a matter of record only.

Authorization for the public offering of the securities referred
herein will be requested to the Argentine Comisi˘n Nacional de
Valores in accordance with applicable regulations, on June 10.
The information contained herein is subject to amendments and
modifications and should not be considered as definitive by
persons taking notice of it. This does not constitute an offer to
sale, or an invitation to make offers to purchase, until the
Argentine Comisi˘n Nacional de Valores approves the public
offering.

Pecom EnergĦa S.A., controlled by Perez Companc S.A., is the
largest independently owned energy company in the Latin American
region. Its business activities include oil and gas production
and transportation, refining and petrochemicals, power
generation, transmission and distribution as well as forestry
activities. Headquartered in Buenos Aires, the Company has
operations throughout Argentina, Brazil, Venezuela, Bolivia, Peru
and Ecuador.

To see financial statements:
http://bankrupt.com/misc/Perez_Companc.pdf

CONTACT:  PECOM ENERGIA S.A. DE PEREZ COMPANC S.A.
          Maipo 1 - Piso 22 - C1084ABA
          Buenos Aires, Argentina
          Phone: (54-11) 4344-6000
          Fax: (54-11) 4344-6315
          URL: http://www.pecom.com.ar


REPSOL YPF: Shareholders Give Chairman Until July To Name CEO
-------------------------------------------------------------
Repsol YPF Chairman Alfonso Cortina is now running out of time to
appoint a chief executive after his choice of one of his closest
colleagues, Ramon Blanco, was rejected by the Company's majority
shareholders.

Newspaper El Mundo reports that Banco Bilbao Vizcaya Argentaria
SA (BBVA) and Caja de Ahorros y Pensiones de Barcelona SA (La
Caixa), Repsol YPF SA's largest shareholders, want a CEO from
outside the Company and is urging Cortina to name one by July.

BBVA and La Caixa executives are wary that Repsol, Europe's
fifth-biggest oil company, may be a target of a hostile takeover
due to its sinking earnings and stock price.

The shareholders were also displeased when Repsol created a
venture with Gas Natural SDG SA to expand in electricity and gas,
only to sell half its stake in Gas Natural a month later.

Since its creation in 1987, Repsol has not had a CEO. The
Company's US$15 billion purchase of Argentine driller YPF in 1999
turned sour after the country's four-year economic slump and
currency devaluation wiped EUR2.7 billion (US$2.5 billion) off
Repsol's earnings.

CONTACT:  REPSOL YPF
          Paseo de la Castellana 278
          28046 Madrid, Spain
          Phone   +34 91 348 81 00
          Home Page: http://www.repsol.com
          or
          Av. Roque S enz Pe a, 777.
          C.P 1364. Buenos Aires
          Argentina
          Contacts:
          Alfonso Cortina De Alcocer, Chairman
          Ramon Blanco Balin, Vice Chairman
          Carmelo De Las Morenas Lopez, CFO


TELEFONICA DE ARGENTINA: Gets Approval on Indenture Amendment
-------------------------------------------------------------
Telefonica de Argentina announced Monday the end of the Early
Consent Payment period to amend the payment event of default of
its US$368.5 million 9-1/8% Notes due 2008.

The Company has already received Letters of Authorization
authorizing the requisite votes to approve the proposed amendment
at the noteholders meeting to be held on June 21, 2002. The final
expiration date for holders to submit their authorization is 5:00
p.m., New York City time, on June 14, 2002.

The proposed amendment conforms the payment event of default
under the Company's Euro Medium-Term Note Program (the "EMTNP")
to the payment events of default under the Company's other public
indebtedness by clarifying that a payment event of default under
one series of notes under the EMTNP will not automatically cause
an event of default under an unrelated series of notes issued
under the EMTNP.

Any questions on the consent solicitation process may be
addressed to Morgan Stanley as solicitation agent for this
transaction at the following numbers:

Morgan Stanley & Co., Incorporated

New York :        Simon Morgan              +1-212-761-2219
                  Brendan Goffinet          +1-212-761-1269
London :          Anna Khazen               +44-207-677-5715
                  Patrick Mullins           +44-207-677-6680

CONTACT:  MORGAN STANLEY & CO., INCORPORATED, New York
          Simon Morgan, +1-212-761-2219
          Brendan Goffinet, +1-212-761-1269
                      or
          MORGAN STANLEY & CO., INCORPORATED, London
          Anna Khazen, +44-207-677-5715
          Patrick Mullins, +44-207-677-6680

          TELEFONICA DE ARGENTINA
          Tucuman 1, 18th Floor, 1049
          Buenos Aires, Argentina
          Phone: (212) 688-6840
          Home Page: http://www.telefonica.com.ar
          Contacts:
          Carlos Fernandez-Prida Mendez Nunez, Chairman
          Paul Burton Savoldelli, Vice Chairman
          Fernando Raul Borio, Secretary



=============
B E R M U D A
=============

GLOBAL CROSSING: April Net Loss Shrinks Despite Revenue Drop
------------------------------------------------------------
At US$163 million, Global Crossing Ltd's April net loss
applicable to common shareholders was modestly narrower than the
previous month's loss of US$171 million. The Company posted the
results as a part of its required filings with the Securities and
Exchange Commission.

Revenues during April dropped to US$266 million from US$281
million in March. Cash and cash equivalents decreased to US$736
million in April from US$780 million at the end of March.

The Company also recently announced that its major creditors were
unable to reach accord with Hutchison Whampoa Ltd and Singapore
Technologies on a definitive agreement for an investment in the
Company. The two investors had signed a letter of intent for a
US$750 million investment in return for a majority stake in
Global Crossing. They are still eligible to submit a bid until
June 20.

The Company also recently announced that the filing of its form
10-K for 2001 had been delayed because its independent auditor,
Arthur Andersen LLP, is awaiting the outcome of an inquiry by the
board of directors into allegations regarding the Company's
accounting and financial reporting practices made by a former
employee of the Company.

The allegations are also still under investigation by the
Securities and Exchange Commission and the US Attorney's Office
for the Central District of California.

Global Crossing is currently developing a plan of reorganization
with creditors, investors, and the US Bankruptcy Court.

The Company does not expect that any such plan, if and when
approved by the court, would include a capital structure in which
existing common or preferred equity would retain any value.

Based in Hamilton, Bermuda, and run from offices in Madison, New
Jersey, Global Crossing filed for Chapter 11 in January, listing
US$12.4 billion in debts.

CONTACT:  GLOBAL CROSSING
          Press Contacts
          Cynthia Artin
          +1 973-410-8820
          Cynthia.Artin@globalcrossing.com

          Becky Yeamans
          + 1 973-410-5857
          Rebecca.Yeamans@globalcrossing.com

          Tisha Kresler
          + 1 973-410-8666
          Tisha.Kresler@globalcrossing.com

          Kevin Burgoyne
          Latin America
          + 1 305-808-5947
          Kevin.Burgoyne@globalcrossing.com

          Mish Desmidt
          Europe
          +44 (0) 7771-668438
          Mish.Desmidt@globalcrossing.com

          Analysts/Investors:
          Ken Simril
          + 1 310-385-3838
          investors@globalcrossing.com


MUTUAL RISK: Cauley Geller Announces Class Action Lawsuit
---------------------------------------------------------
The Law Firm of Cauley Geller Bowman & Coates, LLP announced
Monday that a class action has been filed in the United States
District Court for the Southern District of California on behalf
of purchasers of Mutual Risk Management Ltd. publicly traded
securities during the period between February 16, 2000 and April
2, 2002, inclusive (the "Class Period").  A copy of the complaint
filed in this action is available from the Court, or can be
viewed on the firm's website at
http://www.classlawyer.com/pr/mutual_risk.pdf.

The complaint charges Mutual Risk and certain of its officers and
directors with violations of the Securities Exchange Act of
1934.  The complaint alleges that during the Class Period, Mutual
Risk and its most senior officers and directors disseminated
materially false financial statements for each of Mutual Risk's
interim quarters during that period and for the years ended
December 31, 2000 and 2001, which materially overstated the
Company's cumulative revenues and its net income.  Defendants
also made a series of other materially false and misleading
statements about Mutual Risk and its financial condition and
performance.  As a result of the materially false and misleading
statements and omissions described herein, Mutual Risk stock was
inflated to an all-time high of $23.75 per share.

Mutual Risk also represented in each of its quarterly and annual
filings with the SEC that the financial statements included
therein had "been prepared in conformity with generally accepted
accounting principles" and "reflected all adjustments necessary
for a fair presentation of results for such periods."  In
reality, each of Mutual Risk's financial statements violated GAAP
by understating reserves for potential claims.  The financial
results included in Mutual Risk's SEC filings during the Class
Period were thereby rendered materially false and misleading.

Then, on April 2, 2002, the Company admitted that even its
disastrous Q4 2001 results (announced February 19, 2002) were not
accurate, putting the Company's shares into another "free fall,"
trading at just pennies per share following the April 2, 2002
admission.

Purchasers of Mutual Risk publicly traded securities between
February 16, 2000 and April 2, 2002, inclusive, who wish to serve
as lead plaintiff, must move the Court no later than August 6,
2002.  Any member of the purported class may move the Court to
serve as lead plaintiff through Cauley Geller Bowman & Coates,
LLP or other counsel of their choice, or may choose to do nothing
and remain an absent class member.

CAULEY GELLER BOWMAN & COATES, LLP
Investor Relations Department:
Jackie Addison, Sue Null or Shelly Nicholson
P.O. Box 25438
Little Rock, AR 72221-5438
Toll Free: 1-888-551-9944
E-mail: info@classlawyer.com


TYCO INTERNATIONAL: Board Ousts General Counsel
-----------------------------------------------
In a routine public statement, Tyco International Ltd. announced
Monday that the Company has replaced its General Counsel, Mark A.
Belnick, with Irving Gutin.  Mr. Gutin previously served as
General Counsel of Tyco.

ABOUT TYCO INTERNATIONAL LTD.

Tyco International Ltd. is a diversified manufacturing and
service company.  Tyco is the world's largest manufacturer and
servicer of electrical and electronic components; the world's
largest designer, manufacturer, installer and servicer of
undersea telecommunications systems; the world's largest
manufacturer, installer and provider of fire protection systems
and electronic security services; and the world's largest
manufacturer of specialty valves.  Tyco also holds strong
leadership positions in disposable medical products, financing
and leasing capital, plastics and adhesives.  Tyco operates in
more than 100 countries and had fiscal 2001 revenues in excess of
$36 billion.

To see Tyco's latest financial statements:
http://bankrupt.com/misc/Tyco.txt

CONTACT:  TYCO INTERNATIONAL LTD.
          Gary Holmes
          Tel. +1-212-424-1314
               +1-212-434-1307


TYCO INTERNATIONAL: Responds to Belnick's Attorney's Comments
-------------------------------------------------------------
Tyco International Ltd., released Monday the following statement
regarding comments by the Attorney for the Company's former
General Counsel:

"The Company is determined to have a fair and complete
investigation of any allegations of improper conduct by any of
its personnel. Mr. Belnick is among the persons being
investigated. The Company lost confidence in Mr. Belnick's
willingness and ability to conduct a fair and complete
investigation, in part because of his unwillingness to cooperate
in the investigation of himself and because of his attempt to
control the course of that investigation.

"The assertion by Mr. Belnick's lawyer that the Board of
Directors acted to protect anyone's 'turf' is ludicrous and is an
attempt to distract attention from his client's serious
problems."


TYCO INTERNATIONAL: Fitch Downs Senior Unsecured To 'BB'
-------------------------------------------------------
Fitch Ratings has downgraded the senior unsecured debt of Tyco
International Ltd. (Tyco), as well as the unconditionally
guaranteed debt of its wholly owned direct subsidiary Tyco
International Group S.A., to 'BB' from 'BBB'. The rating on the
company's commercial paper has been downgraded to 'B' from 'F3'.
The ratings remain on Rating Watch Negative. Separate rating
actions have also been taken on Tyco's 100% owned subsidiary,
CIT.

The downgrades reflect concerns about Tyco's liquidity and near-
term maturity schedule, repeated changes in strategic direction,
the impact of the company's recent troubles on operating cash
flow, and shortcomings in corporate governance. The departure of
CEO Dennis Kozlowski last week evidences the uncertainties and
risks surrounding Tyco's ability to execute its most recent
strategic plan. The company has affirmed its intention to sell
CIT through an IPO in early July, an essential step in addressing
the company's near-term debt maturities.

Although Fitch believes that the sale of CIT will occur, final
proceeds are still open to question. The significant and
unexpected changes in Tyco's strategy and management during the
past several months, however, have damaged Tyco's credibility,
and its ability to raise funds in the capital markets is
extremely limited. Although Tyco is expected to have nearly $2.9
billion of cash on hand at the end of June 2002, the company is
reliant on completing asset sales to meet its maturing debt
obligations. Roughly half of Tyco's $27 billion of debt matures
by the end of calendar 2003 with the largest portions due in
February 2003 ($4.0 billion of bank debt and $2.3 billion of
convertible debt) and in November 2003 ($3.6 billion of
convertible debt).

By the end of March 2003, Tyco expects to have a refinancing
requirement of approximately $5.7 billion. This figure assumes a
$2 billion operating cash balance requirement, no asset sales and
the February 2003 puttable convertibles are repaid in cash. The
successful IPO of CIT will still leave Tyco reliant on external
capital to meet maturing obligations. The shortfall includes the
effect of free cash flow, estimated by the company to be $3.8
billion (before an estimated $1.9 billion of acquisition
spending) for the next four quarters ending June 30, 2003 and
assumes that roughly $700 million of securitizations and
liabilities related to rating triggers are refunded or paid.

Any disruptions in selling CIT would likely entail further rating
actions. Required refinancings that may become available upon the
reestablishment of investor confidence will entail higher
financing costs and more stringent credit terms. The company's
balance sheet contains goodwill of $28 billion, and meaningful
additional writedowns could potentially result in a covenant
violation under Tyco's bank debt that includes a Debt/Capital
restriction of 52.5%. Successful execution of the IPO, a
significant uncertainty, would meaningfully ease the company's
near-term maturity schedule.

Additional risks include Tyco's ability to meet internal cash
generation forecasts due to weakness in the company's end markets
and the impact of Tyco's problems on customer, supplier and
employee relationships. Tyco's credit profile and debt ratings
will be contingent not only on its ability to execute the sale of
CIT and address its near-term maturities, but on the evolving
capital structure policies and the degree to which Tyco allocates
free cash flow to debt repayment or other uses. Longer term, the
likelihood of Tyco continuing to operate as currently organized
remains an important issue to be resolved by the company, and
major structural changes could still occur. To a large degree,
this will depend on the results of the search for a new CEO that
Tyco has recently undertaken. The urgency of the numerous
challenges facing Tyco may limit its operating and financial
flexibility, a risk that is incorporated in Fitch's Negative
Watch on Tyco's rating.


TYCO INTERNATIONAL: Fitch Lowers CIT's Senior Debt To 'BBB'
-----------------------------------------------------------
Fitch Ratings has lowered CIT Group, Inc.'s (CIT) and related
entities' senior debt, subordinated debt, and preferred stock to
'BBB', 'BBB-', and 'BBB-' from 'A-', 'BBB+', and 'BBB+',
respectively. The company's 'F2' commercial paper rating is
affirmed. The Rating Watch status for all of the company's
ratings is revised to Evolving from Negative. Approximately $26
billion of securities are covered by Fitch's actions.

Fitch's actions reflect concerns at CIT's current parent, Tyco
International Ltd. regarding liquidity and near-term maturity
schedule, repeated changes in strategic direction, and
shortcomings in corporate governance that have been exacerbated
by Dennis Kozlowski's resignation as CEO last week. Tyco's senior
debt and commercial paper ratings were lowered concurrent with
the CIT action to 'BB' and 'B' from 'BBB' and 'F2'.

The notching between the CIT and Tyco ratings reflects Fitch's
view that CIT will be separated from Tyco over the immediate
term. Following the successful completion of a transaction, CIT's
senior debt rating is expected to be in the 'A' category,
reflecting improvement in many of the company's key credit
metrics. However, execution risk continues to be pronounced which
warrants continued acknowledgement of the negative impact the
parent would have absent timely separation. If a transaction is
not completed, CIT's and Tyco's ratings could be equalized.

Based in Livingston, NJ, CIT Group, Inc. is one of the largest
commercial finance companies in the world with managed finance
receivables and operating leases of $48 billion March 31, 2002.
The company has leading market positions in a variety of business
segments.

Fitch has lowered the following ratings and revised the Rating
Watch to Evolving from Negative:

CIT Group, Inc.

--Senior debt lowered to 'BBB' from 'A-';

--Subordinated debt lowered to 'BBB-' from 'BBB+';

--Preferred stock lowered to 'BBB-' from 'BBB+'; Newcourt Credit
Group Inc. (Guaranteed by CIT Group, Inc.)

--Senior debt lowered to 'BBB' from 'A-'.

Newcourt Financial (Australia) Ltd. (Guaranteed by CIT Group,
Inc.)

--Senior debt lowered to 'BBB' from 'A-'.

AT&T Capital Corp. (Guaranteed by CIT Group, Inc.)

--Senior debt lowered to 'BBB' from 'A-'.

Fitch has affirmed the following ratings:

CIT Group, Inc.

--Commercial paper affirmed at 'F2'.

Newcourt Financial (Australia) Ltd.

--Commercial paper affirmed at 'F2'.

CONTACT: Philip S. Walker, Jr., CFA 1-212-908-0624, Thomas
Abruzzo 1-212-908-0793, John S. Olert 1-212-908-0663, New York
(CIT Group, Inc.) or Eric Ause 1-312-606-2302 (Tyco International
Ltd.), Chicago.


VIATEL HOLDING: Emerges From Chapter 11; Predicts Perfect Timing
----------------------------------------------------------------
Viatel Holding (Bermuda) Limited, the builder-operator-owner of a
state-of-the-art pan-European network announced Monday that
Viatel, Inc.'s Plan of Reorganization has become effective.  As
previously announced, the Plan received overwhelming approval
from creditors on 8 May 2002 and was confirmed by the United
States Bankruptcy Court for the District of Delaware on 21 May
2002.

Pursuant to the Plan, the unsecured creditors of Viatel, Inc. and
its United States subsidiaries, will receive, on a pro rata
basis, a total of 10,560,000 common shares of Viatel Holding
(Bermuda) Limited, a new holding company created to effectuate
the restructuring transaction.  Viatel, Inc.'s common (OTC
Bulletin Board: VYTLQ) and preferred stock have been cancelled.
The new common shares of Viatel Holding's will initially be
traded over the counter under the symbol "VTLAV" until Viatel
Bermuda qualifies for listing on the NASD National Market.

Viatel's Chairman and Chief Executive Officer, Michael J.
Mahoney, noted "With the demise of a number of our European
competitors, including 360 Networks, Pangea, Carrier 1 and KPN-
Qwest, and the recent decisions by numerous other competitors to
exit most, if not all, of their European markets, our reemergence
could not have happened at a better time."  "With our debt free
balance sheet and core network assets intact, we are well
positioned to provide customers with a safe harbor during this
extremely turbulent time."

Mahoney added, "We wish to thank our customers for their support
during this difficult period and look forward to continuing to
provide them with the highest quality of service.  We also wish
to thank our creditors for their vote of confidence and our
employees for their dedication and hard work during these past 13
months".

To see financial statements: http://bankrupt.com/misc/VIATEL.htm

CONTACT:  VIATEL HOLDING LIMITED
          Investors Relations: +011-44-1784-494-200

          VIATEL INC.
          Corporate Headquarters
          Viatel, Inbucon House,
          Wick Road, Egham,
          Surrey, TW20 0HR, UK
          United Kingdom
          Phone: +44 1784 494 200
          Home Page:  http://www.viatel.com/

          USA Office
          Viatel, 350 Bedford Street,
          Suite 406-A, Stamford, CT, 06901, US
          Stamford, CT
          Phone: +1 203 978 0019



===========
B R A Z I L
===========

BCP: Parent-Creditor Talks Still Deadlocked
-------------------------------------------
US-based telco Bellsouth's debt repayment proposal for its
Brazilian mobile subsidiary BCP was rejected by the unit's
creditors, creating an impasse in the negotiations between it and
the unit's creditors, reports Business News Americas.

Confirming that local creditors have rejected "a couple of
proposals" it has presented, a Bellsouth spokesperson said, "at
this point we think we have done all we can, and now we are
waiting for the banks to tell us which road they want to take."

Local banks, represented by ABN Amro Real, said they would accept
Bellsouth's first offer made weeks ago to repay the entire debt
with a discount of US$110 million, but Bellsouth retracted the
offer and demanded a US$194-million discount. Banks rejected the
new proposal, temporarily ending talks.

Controlling shareholders Bellsouth and local bank Banco Safra
decided in late March to allow BCP to default on debts of US$375
million. The default caused international credit rating agency
Standard & Poor's to lower BCP's credit rating from BrCC to brD.

Bellsouth's best solution to BCP's debt problem would have been
to negotiate before defaulting, according to The Yankee Group
senior wireless analyst Luis Minoru. Negotiations are taking too
long and are not good for the image of the sector, the analyst
added.

The creditors should not accept the new plan, he said, because it
will create a negative precedent for the banking sector. To date,
it has been common for vendors not banks to offer discounts to
operators, Minoru added.

CONTACT:  BCP TELECOMMUNICACOES, S.A.
          Rua Florida, 1970
          Sao Paulo, SP, Brasil
          CEP 04565-001
          Tel. 55-11-5509-6555
          Fax 55-11-5509-6257
          Home Page: http://www.bcp.com.br

          BELLSOUTH CORPORATION
          1155 Peachtree St. NE
          Atlanta, GA 30309-3610
          Phone: 404-249-2000
          Fax: 404-249-5599
          Home Page: http://www.bellsouth.com
          Contacts:
          Investor Relations
          Phone (US): 800.241.3419
          Fax: 404.249.2060
          E-mail: investor@bellsouth.com

          BANCO SAFRA
          Av. Paulista, 2100 - Sao Paulo
          Brazil - 01310-930
          Phone: (11) 3175-7575
          Home Page: http://www.safra.com.br/ingles/index.asp
          Contact: Carlos Alberto Vieira, President

CREDITORS: FLEETBOSTON FINANCIAL CORPORATION
           100 Federal St.
           Boston, MA 02110
           Phone: 617-434-2200
           Fax: 617-434-6943
           Home Page: http://www.fleetboston.com
           Contact:
           Investor Relations
           Phone: 617-434-2200

           Terrence Murray, Chairman
           Charles K. (Chad) Gifford, President/CEO/Director
           Eugene M. McQuade, Vice Chairman and CFO

           CITIBANK
           Avenida Paulista, 1111
           13th floor - room 5
           Sao Paulo 01311- 920
           Brazil
           Home Page: http://www.citibank.com.br
           Contact:
           Fernando Tafner
           Phone: 55-11-5576-2004
           E-mail: fernando.tafner@citicorp.com

           ABN AMRO HOLDING N.V.
           Foppingadreef 22
           1102 BS Amsterdam, The Netherlands
           Phone: +31-20-628-9393
           Fax: +31-20-629-9111
           Home Page: http://www.abnamro.com
           Contact:
           Investor Relations(HQ1191)
           Gustav Mahlerlaan 10
           PO Box 283
           1000 EA Amsterdam
           The Netherlands
           Tel. +31 (0) 20 628 78 35
           Phone:  +31 (0) 20 628 78 37
           E-mail: investorrelations@nl.abnamro.com


BCI: Schedules Meetings to Approve Plan of Arrangement
------------------------------------------------------
--  Proposed special meetings scheduled for July 12, 2002
--  Share consolidation will result in a total of 40 million
common shares outstanding

Bell Canada International Inc. (BCI) released an official
announcement Monday that it had obtained an interim court order
authorizing it to hold special meetings of shareholders and
noteholders on July 12, 2002 to approve a Plan of Arrangement.
The record date for the meetings has been set at June 7, 2002.

As announced on June 3, 2002, BCI is seeking approval for a Plan
of Arrangement pursuant to which BCI will conclude the sale of
its interest in Telecom Americas; proceed with the disposition of
its remaining assets in an orderly fashion; and seek expeditious
resolution of outstanding claims in order to accelerate final
distributions to BCI stakeholders. Court approval of the
Arrangement, if granted, would be obtained shortly after the
meetings.

BCI is also proposing, as part of the Plan of Arrangement, a
consolidation of its outstanding common shares, to take effect
shortly after court approval of the Arrangement, which would
result in BCI having 40 million common shares outstanding
following the consolidation, whether certain affiliates of
American International Group, Inc. exercise a put option before
or after the date of the meetings, or not at all. Based on the
4,797,313,638 currently outstanding common shares, the
consolidation ratio would be approximately one to 120.

The formal Notice of Special Meeting and Management Proxy
Circulars of BCI contain a detailed description of the proposed
Arrangement and outline the actions to be taken at the special
meetings of shareholders and noteholders. These materials will be
mailed to all shareholders and noteholders and will also be
available on BCI's website at www.bci.ca as of June 14, 2002.

BCI, through Telecom Americas, holds interest in 4 Brazilian B
Band cellular companies serving more than 4.5 million subscribers
in territories of Brazil with a population of approximately 60
million. BCI is a subsidiary of BCE Inc., Canada's largest
communications company. BCI is listed on the Toronto Stock
Exchange under the symbol BI and on the NASDAQ National Market
under the symbol BCICF. Visit our Web site at www.bci.ca.

CONTACT:  BELL CANADA INTERNATIONAL INC.
          Marie-Lise Gauthier, 514/392-2318
          marie-lise.gauthier@bci.ca


EMBRAER: Heralds Aviation Recovery With Sale Of 22 Jets
-------------------------------------------------------
The preferred shares of Empresa Brasileira de Aeronautica SA
(Embraer) were up 2.2 percent to BRL14.73 (US$5.58) in Monday's
trading after it announced a sale of 22 jets at a cost of US$350
million to U.S. carrier Chautauqua Airlines. The contract also
included options for 30 planes in a deal that could be worth up
to US$900 million.

According to Embraer's statement issued Monday, Chautauqua
ordered 15 38-seat ERJ 135 planes and seven 50-seat ERJ 145
aircraft, to be delivered starting in the last quarter of this
year. Deliveries will continue throughout 2003, the statement
added.

The order represents Embraer's second sale this year, after it
sold in May its US$20 million Legacy business jet to Spain's
Fadesa, one of Europe's largest real-estate developers.

The latest transaction symbolizes that the global aviation market
is finally starting to recover after it slumped in the wake of
September 11 terrorist attacks on the global aviation industry.

Embraer, Brazil's largest exporter since 1999, is the world's
fourth largest jet producer. As of March 31, its backlog for firm
orders amounted to US$10.3 billion and US$12.7 billion in
options.

Chautauqua Airlines, owned by Wexford Capital LLC of Greenwich,
Conn., runs scheduled passenger services among 42 cities in 18
U.S. states and Canada through codesharing agreements with three
major U.S. airlines.

CONTACTS:  EMBRAER
           Press office:
           Phone +55 12 3927 1311
           Fax + 55 12 3927 2411
           Press office mgr. Bob Sharp
           Email: bob.sharp@embraer.com.br
              OR
           Press officer Wagner Gonzalez
           Email: wagner.gonzalez@embraer.com.br



=========
C H I L E
=========

COEUR D'ALENE MINES: Production At Cerro Bayo Improves
------------------------------------------------------
Coeur d'Alene Mines Corporation announced positive results from
the first month of operations at its Cerro Bayo high-grade gold
and silver mine in southern Chile. In addition, the Company's
exploration program continues to extend the known mineralization
and identify new vein structures.

Robert Martinez, Coeur's Chief Operating Officer commented,
"Wider than expected veins and higher than anticipated grades
yielded silver production twenty-one percent above May's budget,
while gold production met budgeted levels. Operating costs, which
included substantial amounts of low-grade startup ore, were $172
per gold equivalent ounce. For 2002, Cerro Bayo is expected to
contribute 52,000 ounces of gold and 3.6 million ounces of silver
to Coeur's total production. Cash costs for the year are forecast
to be under $150 per gold equivalent ounce."

Dennis E. Wheeler, Coeur's Chairman, President and Chief
Executive Officer said, "Thanks to the excellent efforts of the
Operations Group, we commenced operations at Cerro Bayo a month
ahead of schedule in April. We are delighted by these early
results, and fully expect Cerro Bayo and the nearby Martha mine
to meet 2002 production and operating cost targets. We will soon
begin shipping Martha mine high-grade ore in Argentina to Cerro
Bayo for processing, which will help to lower total production
costs."

Commenting on the exploration results to date and significant
remaining exploration potential, Mr. Wheeler added, "As further
exploration and development of Cerro Bayo proceeds, our newest
mine continues to surpass all earlier expectations. During
construction of the upper and lower access ramps to the main
Lucero and Luz Eliana veins, a total of nine major vein
structures were encountered of which only four have received any
detailed exploration work to date."

Since the beginning of this year, Coeur has drilled 39 core holes
for a total of 16,650 feet. The most recent dimensions of the
four prominent veins are summarized as follows:


--------------------------------------------------------------
                   Mineralized               Vertical Zone of
                  Strike Length              Mineralization
Vein                (feet)                        (feet)
--------------------------------------------------------------
Lucero              2,625                      330 - 575
--------------------------------------------------------------
Luz Eliana          2,460                      165 - 245
--------------------------------------------------------------
Celia                 490                         165
--------------------------------------------------------------
Andrea                655                         165
--------------------------------------------------------------

Dieter Krewedl, Coeur's Senior Vice President of Exploration
said, "All of these veins remain open along strike and at depth,
and can be mined from our existing upper and lower access ramps.
This year's excellent drilling results are expected to add
significant new reserves at Cerro Bayo. Of particular note are
the following high-grade intercepts on the Celia vein, which was
not included in previous reserve estimates, and has the potential
of becoming an important source of new, easily accessible
ounces."

--------------------------------------------------------------
Down the Hole
             Drill Depth   Thickness(a)   Gold Equivalent Grade
Drill Hole     (feet)         (feet)            (oz. / ton)
--------------------------------------------------------------
#406            372            7.1                 0.44
--------------------------------------------------------------
#408            328           17.2                 0.46
--------------------------------------------------------------
#409            210           10.7                 1.28
--------------------------------------------------------------

(a) Correlation between underground data and drill results
indicates that there is no material difference between drilled
intervals and true thickness.

Mr. Krewedl added, "This thicker zone of high-grade
mineralization in the Celia vein is open at depth and along
strike and is located approximately 330 feet south of the upper
access ramp. The Celia vein was previously intersected in the
upper access ramp where it contained 1.08 gold equivalent ounces
per ton over an 11.5 feet interval. Coeur has already commenced
drifting to the south on the Celia vein from the upper access
ramp. Approximately 200 feet of drifting has been completed to
date and the Company plans to continue for at least another 130
feet towards the newly discovered high-grade mineralization.
Assay results and thicknesses of the Celia vein in the first 200
feet of the drift have confirmed the previous drill data."

Coeur is the country's largest silver producer, as well as a
significant producer of gold. The Company has mining interests in
Nevada, Idaho, Alaska, Chile, Argentina and Bolivia. For more
information, visit Coeur's website at www.coeur.com.

To see financial statements:
http://bankrupt.com/misc/Coeur_d::Alene.txt

CONTACT:  COEUR D'ALENE MINES CORPORATION
          Michael A. Steeves, 208/769-8155



===========
M E X I C O
===========

CORPORACION DURANGO: Opens Cash Offer To Tender 2003 Notes
----------------------------------------------------------
Corporacion Durango SA, Mexico's largest paper producer, opened
its cash offer to tender US$121.7 million in 12 5/8% senior notes
due 2003 early this week. According to Durango's press release,
holders will receive US$1,040 for each US$1,000 in principal
tendered.

If the notes are tendered before 5:00 p.m. EDT June 21, the
creditors will receive an extra US$10 for each US$1,000 in notes
tendered.

The Company expects the tender offer to expire at 5:00 p.m. EDT
July 8, with payment to bondholders taking place three business
days after the expiration date. The tender could be extended or
terminated prior to July 8.

The dealer managers for the tender offer are Morgan Stanley and
Banc of America Securities. The tender offer is subject to the
proceeds of a long-term debt offer Durango is conducting in order
to fund the debt buy back.

On Friday, Durango said it was offering US$175 million in
unsecured senior notes with a seven-year maturity to fund the
tender.

Moody's Investors Service recently downgraded Corporacion
Durango's senior notes to B3, or six steps below investment
grade, from B2, and changed the outlook to negative from stable.

The downgrades, according to Moody's, reflected their effective
subordination to approximately US$166 million of secured debt and
their structural subordination to about US$20.4 million of
subsidiary debt.

The change in the rating outlook to negative from stable also
reflected the current difficult conditions in the paper industry,
Corporacion Durango's weak operating performance and debt
protection measures, which are lower than what Moody's has
previously expected, and its constrained liquidity position
resulting from uncommitted short-term bank lines.

On March 31, 2002, Durango had approximately US$38 million in
cash and equivalents and about US$100 million in uncommitted bank
lines.

Corporacion Durango is a company based in Mexico and the
controller company of Grupo Industrial Durango (the largest
integrated containerboard and packaging company in Latin
America), Grupo Pipsa-Mex (the largest newsprint producer in
Latin America), and Durango Paper Company (one of America's
largest privately-owned paperboard companies).

To see latest financial statements:
http://bankrupt.com/misc/Durango.pdf

CONTACTS:  CORPORACION DURANGO, S.A. DE C.V.
           Mayela R. Velasco
           +52 (1) 829 1008
           mrinconv@corpdgo.com.mx

           Arturo Diaz Medina
           +52 (1) 829 1015
           adiaz@corpdgo.com.mx

           MORGAN STANLEY
           Worldwide Headquarters
           1585 Broadway
           New York, NY 10036
           Phone: (212) 761-4000
           Fax: (212) 761-0086
           Home Page: http://www.morganstanley.com/
           Contact:
           Investor Relations
           Phone: (212) 762-8131

           In Mexico:
           Morgan Stanley & Co. Incorporated
           Oficina de Representaci˘n en M,xico
           Andres Bello 10
           8ĝ Piso
           Colonia Polanco
           11560 M,xico, D.F.
           Phone: 011-525-282-6700
           Fax: 011-525-282-9200

           BANC OF AMERICA SECURITIES LLC
           600 Montgomery Street
           San Francisco, California 94111
           Phone: 800-227-4786
           100 North Tryon Street
           Charlotte, North Carolina 28255
           Phone: 704-386-5000

           9 West 57th Street
           New York, New York 10019
           Phone: 888-583-8900
           Contacts:
           Carter McClelland, President
           Frank Ryan, Chief Financial Officer

           BANC OF AMERICA SECURITIES LIMITED
           BAS Limited (United Kingdom)
           Banc of America Securities Limited
           1 Alie Street
           London E1 8DE, England
           Phone: +44 (20) 7634 4000
           Home Page: http://www.bofasecurities.com/default.asp


GRUPO MEXICO: Workers End Strike; Accept 5.25% Salary Hike
----------------------------------------------------------
Workers at two plants owned by Grupo Mexico SA ended a weeklong
strike and agreed to the Company's offer of a 5.25% salary hike
after Grupo Mexico threatened to shut down one of the mines if
workers held out any longer.

Workers at the Cananea copper mine in northern Sonora state, the
Company's second-largest, and the Nueva Rosita coke mine in the
state of Coahuila, which produces a byproduct of coal used as
fuel, had demanded a 16% pay increase.

"Negotiations between Grupo Minero Mexico and (the Union) were
actively supported by authorities, which led to the realignment
of labor petitions in accordance with the depressed realities of
metals markets, making avoiding the shut down of Cananea
feasible," the Company said in a statement.

As agreed, Grupo Mexico will boost the salaries of more than
2,000 workers by 4.75 percent, pay a MXN6,000 (US$619) bonus, and
pay half of wages lost during the strike at mines.

The Company said it will make adjustments to its workforce in
order to be able to cope with higher production costs.

The work stoppage reduced output by about 3,000 metric tons,
cutting into cash flow, and caused the Company's shares to drop
10 percent last week.

Grupo Mexico is currently renegotiating its debt, and said that
negotiations have progressed in recent days. The Company said it
is seeking to reschedule debt over seven years with two years
grace, and has offered to capitalize Grupo Minero Mexico, its
Mexican unit, with US$105 million in fresh capital.

Grupo Mexico, the world's third largest copper producer with
operations in Mexico, Peru and the United States, is currently
renegotiating more than US$1 billion in debt at Grupo Minero
Mexico and U.S.-based Asarco.

CONTACTS:  GRUPO MEXICO S.A. DE C.V
           Avenida Baja California 200,
           Colonia Roma Sur
           06760 Mexico, D.F.
           Mexico
           Phone: +52-55-5264-7775
           Fax: +52-55-5264-7769
           http://www.gmexico.com
           Contacts:
           German Larrea Mota-Velasco, Chairman & CEO
           Xavier Garcia de Quevedo Topete, President & COO

           ASARCO, INC.
           2575 E. Camelback Rd., Ste. 500
           Phoenix, AZ 85016
           Phone: 602-977-6500
           Fax: 602-977-6701
           Home Page: http://www.asarco.com
           Contacts:
           German Larea Mota-Velasco, Chairman & CEO
           Genaro Larrea Mota-Velasco, President
           Daniel Tellechea Salido, VP & CFO


GRUPO SIDEK: May Assets Sales Report Shows Little Activity
----------------------------------------------------------
Grupo Sidek, S.A. de C.V. announced Monday a report regarding
assets sales from May 1, 2002 to May 31, 2002, pursuant to its
obligations under the restructuring agreements entered into with
Sidek Creditor Trust:

ASSETS SALES REPORT

FROM MAY 1, 2002 TO MAY 31, 2002

(Figures in US$ thousands)

Assets with Reorganization Value      Sales      Reorganization
                                      Value          Value
higher than USD$ 5,000

       I. Hotels                        0              0
       II. Real Estate                  0              0
       III. Marinas and Golfs           0              0
       IV. Other                        0              0
       Subtotal                         0              0

Assets with Reorganization Value less
than USD$ 5,000
       Subtotal (transactions)        572             N.A.
       Total                          572             N.A.

CONTACT:  GRUPO SIDEK, S.A. DE C.V.
          Alejandro Giordano Trejo
          Tel. +011-52-55-5726-1223
          Web site:  http://www.sidek.com.mx



=======
P E R U
=======

AERO CONTINENTE: Comes To Blows With Chilean Regulators Again
-------------------------------------------------------------
Peru's flagship airline AeroContinente violated domestic safety
rules in Chile resulting in the revocation of its operating
license by the Chilean aviation officials, says Reuters.

Chilean regulators claimed that the Company had fallen behind on
its maintenance and operating checks as well as crew instruction
and had failed to pay required fees to the civil aviation
authorities.

"Due to the nature of the information gathered, the aeronautical
authority has determined that the company's management capacity
is gravely affected, which jeopardizes the safety of its air
operations," Chile's Civil Aeronautical Board said in a
statement.

"Our aim...is to guarantee the safety of air operations and
protect the lives of users of the national aeronautical system,"
the statement added.

This is not the first that the Peruvian airline had a clash with
the Chilean officials.

In July of the previous year, AeroContinente was also forced to
halt operations in Chile on accusations of laundering drug money.
The court-ordered suspension was lifted after two months for lack
of evidence. The carrier resumed partial operations late last
year but several planes were grounded again after Chilean
officials detected safety problems.

AeroContinente is now trying to sue the Chilean government for
damages.

CONTACT:  AEROCONTINENTE AIRLINES
          Jr. Moyobamba 101
          Tarapoto, Peru
          Phone: (094) 524332
          Fax: (094) 523704
          Home Page: http://www.aerocontinente.com/
          Contact: Sr. ZadI Desme, Vice President



=================================
T R I N I D A D   &   T O B A G O
=================================

BWIA: Union Readies To Challenge Decision To Dismiss Workers
------------------------------------------------------------
Believing that they were unjustly punished, some BWIA workers are
preparing to challenge, through the Aviation Communication and
Allied Workers Union (ACAWU), a decision which led to their
dismissal and suspension.

The Caribbean AirNews recalls that last week, after BWIA's
management uncovered a major internal racket involving the
unauthorized sale of companion tickets, it fired three of its
employees and suspended four others.

BWIA director of Corporate Communications, Clint Williams, said
investigators had found evidence that certain staff members were
selling these tickets for considerably less than the normal
price. He explained that travelers were deceived into believing
they were conducting a legitimate transaction when they purchased
the discounted tickets from the employees.

"BWIA provided a service for these passengers but never received
any money for it. Not one cent ever reached the Company," he
said.

The scam, according to BWIA officials, may have cost the already
cash-strapped national carrier several hundred thousand dollars
in revenue within the last few years.

The employees, however, claimed that they are entitled to as many
as ten free tickets per year, two of which can be used by
companions. The staff tickets can be used any time during the
course of the year in which they are issued depending on the
availability of space. They are referred to as "space available"
or "stand-by" tickets.

CONTACTS:  BWIA West Indies Airways
           Phone: + 868 627 2942
           E-mail: mailto:mail@bwee.com
           Home Page: http://www.bwee.com/
           Contacts:
           Conrad Aleong, President and CEO (Trinidad)
           Beatrix Carrington, VP Marketing and Sales (Barbados)
           Paul Schutz, Chief Financial Officer (Trinidad)




               ***********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter Latin American is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Trenton, NJ,
and Beard Group, Inc., Washington, DC. John D. Resnick, Edem
Psamathe P. Alfeche and Ma. Cristina Canson, Editors.

Copyright 2002.  All rights reserved.  ISSN 1529-2746.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Latin America subscription rate is $575 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial subscription
or balance thereof are $25 each.  For subscription information,
contact Christopher Beard at 240/629-3300.


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