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

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