BIDS & PRIVATIZATIONS.

                           BIDS & PRIVATIZATIONS
SECTOR         PROJECT                          DESCRIPTION
AIRPORTS
COLOMBIA  Rodrigo Bonilla Aragon        20-year operating concession
          Airport                       of the airport in Cali.
ECUADOR   Airport concessions           Construction, operation and
                                        management of the airports
                                        in Quito and Guayaquil.
MEXICO    Privatization of North-center Includes airports in Acapulco,
          Airports Group                Mazatlan, Zihuatanejo, Zacatecas,
                                        Culiacan, Ciudad Juarez, Chihuahua,
                                        San Luis Potosi, Durango, Torreon,
                                        Tampico and Reynosa.
BANKING
BRAZIL    Privatization of BANESPA      The state bank of Sao Paulo is
                                        for sale.
BRAZIL    Privatization of BANESTADO    The state bank of Parana is
                                        for sale.
BRAZIL    Privatization of BEMAT        The state bank of Mato Grosso
                                        is for sale.
ENERGY
BRAZIL    Oil and gas concessions       15 blocks will be awarded
                                        for exploration, development and
                                        production of oil and natural gas.
BRAZIL    Privatization of CELPE        The distribution company of
                                        Pernambuco is for sale.
BRAZIL    Privatization of CEMAR        The distribution company of
                                        Maranhao is for sale.
BRAZIL    Privatization of CEPISA       The distribution company of
                                        Piaui is for sale.
ECUADOR   Privatization of INECEL       The company will be split into
                                        six generation companies and a
                                        transmission company. 39% of the
                                        shares in each company will be sold.
ECUADOR   Oil field concession          20-year operating concession for La
                                        Libertad refinery.
ECUADOR   Concession of Daule-Peripa    Operation, administration
                                        and maintenance of the
                                        hydroelectric power station.
PARAGUAY  Privatization of Petropar     The oil company will be sold.
PERU      Camisea gas field             30-year concession for
                                        distribution and transportation
                                        of natural gas.
VENEZUELA Privatization of the electric 70% stake of the electric system
          system of Monagas and         will be sold.
          Delta Amacuro (Semda)
SECTOR    DEADLINE INSTITUTION               CONTACT             PHONE
AIRPORTS
COLOMBIA  12/99    AEROCIVIL             Felipe Gutierrez   [57](1)413.1991
ECUADOR   Pending  CONAM                 Jose Nunez         [593](2)505.025
MEXICO    IQ00     SCT                   Jorge Silberstein  [52](5)519.8968
BANKING
BRAZIL    IQ00     BNDES                 Director of        [55](21)277.7059
                                         Privatizations
BRAZIL    Pending  BNDES                 Director of        [55](21)277.7059
                                         Privatizations
BRAZIL    Pending  BNDES                 Director of        [55](21)277.7059
                                         Privatizations
ENERGY
BRAZIL    IQ00     ANP                   David Zylbersztajn [55](21)804.0200
BRAZIL    12/99    BNDES                 Estela Palombo     [55](21)277.7748
BRAZIL    12/99    BNDES                 Evandro Coura      [55](21)277.7748
BRAZIL    12/99    BNDES                 Evandro Coura      [55](21)277.7748
ECUADOR   IIIQ00   CONAM                 Alfredo Mena       [593](2)509.432
ECUADOR   01/00    Petroecuador          Jorge Pareja       [593](2)563.060
ECUADOR   Pending  CEDEGE                Nicolas Romero     [593](4)882.033
PARAGUAY  Pending  Privatization Council Elizardo Gonzalez  [595](21)660.640
PERU      12/17/99 Ministry of Energy    Jorge Chamot        [511]475.7615
                   and Mines
VENEZUELA Pending  Venezuelan Investment Antonio Giner      [58](2)505.8526
                   Fund
SECTOR          FAX
AIRPORTS
COLOMBIA  [57](1)413.8251
ECUADOR   [593](2)508.632
MEXICO    [52](5)530.1190
BANKING
BRAZIL    [55](21)533.1538
BRAZIL    [55](21)533.1538
BRAZIL    [55](21)533.1538
ENERGY
BRAZIL    [55](21)804.0202
BRAZIL    [55](21)240.3554
BRAZIL    [55](21)240.3554
BRAZIL    [55](21)240.3554
ECUADOR   [593](2)509.433
ECUADOR   [593](2)569.738
ECUADOR   [593](4)882.037
PARAGUAY  N/A
PERU      [511]475.0065
VENEZUELA [58](2)505.8521
VENEZUELA   Privatization of
            Enelven-Enelco
VENEZUELA   Privatization of Enelbar
INSURANCE
BRAZIL      Privatization of Instituto de
            Resseguros do Brasil
PORTS
ECUADOR     Seaportconcessions
RAIL SYSTEM
ECUADOR     Railroadconcession
ROADS
COLOMBIA    Briceno-Sogamoso project
VENEZUELA   Orinoco bridge
TELECOM
ECUADOR     Privatization of Andinatel
            and Pacifictel

HONDURAS    Capitalization of Hondutel
PARAGUAY    Capitalization of Antelco
PERU        Telephonebands
            concessions
WATER
BRAZIL      Privatization of Compesa
BRAZIL      Privatization of Embasa
BRAZIL      Privatization of Sanepar
PERU        Olmos project
VENEZUELA   60% stake will be sold.                  Pending
VENEZUELA   60% stake will be sold.                  Pending
INSURANCE
BRAZIL      95% of the ordinary shares               Pending
            of the company will be sold at
            the Rio Stock Exchange.
PORTS
ECUADOR     Operating concessions for Guayaquil,     Pending
            Esmeraldas and Bolivar.
RAIL SYSTEM
ECUADOR     30-year concession for cargo and         Pending
            passenger transportation of
            Quito-Duran railroad line.
ROADS
COLOMBIA    Construction of 163 Km. of               IQ00
            new highway, two tunnels and the
            reparation of 182 Km. of existing roads.
VENEZUELA   30-year concession to build and          IQ00
            operate a second bridge over
            the Orinoco river.
TELECOM
ECUADOR     35% of each company is for sale.         Pending
HONDURAS    51% of the new created company           Pending
            (COHDETEL) will be sold.
PARAGUAY    51% of the company will be sold.         Pending
PERU        20-year concessions for FWA and          12/99
            PCS bands.
WATER
BRAZIL      The water and sewage company of          01/00
            the state of Pernambuco will be sold.
BRAZIL      The water and sewage company of          01/00
            the state of Bahia will be sold.
BRAZIL      The water supply and sanitation          Pending
            company of the state of Parana
            will be sold.
PERU        40-year concession for the construction, 12/99
            operation, maintenance of a trans-
            Andean tunnel and connecting
            irrigation infrastructure.
VENEZUELA   Venezuelan Investment   Antonio Giner     [58](2)505.8526
            Fund
VENEZUELA   Venezuelan Investment   Antonio Giner     [58](2)505.8526
            Fund
INSURANCE
BRAZIL      BNDES                   Jose Luiz Osorio  [55](21)277.7059
PORTS
ECUADOR     CONAM                   Jose Nunez        [593](4)568.882
RAIL SYSTEM
ECUADOR     CONAM                   Jose Nunez        [593](4)568.882
ROADS
COLOMBIA    INVIAS                  Javier Toro       [57](1)222.3816
VENEZUELA   Ministry of             Oscar Salami      [58](2)509.1076
            Communications and
            Transportation
TELECOM
ECUADOR     CONAM                   Femando Munoz     [593](2)509.432
HONDURAS    Capitalization Commitee David Rivera      [504]221.0548
PARAGUAY    Privatization Council   Elizardo Gonzalez [595](21)660.640
PERU        Ministry of Transport   Carlos Valdes     [51](1)332.4078
            and Communications
WATER
BRAZIL      BNDES                   Jose Luis Osorio  [55](21)277.7059
BRAZIL      BNDES                   Jose Luis Osorio  [55](21)277.7059
BRAZIL      BNDES                   Jose Luis Osorio  [55](21)277.7059
PERU        CEPRI                   Daniel Cumpa      [51](1)221.6224
                                    Reyes
VENEZUELA   [58](2)505.8521
VENEZUELA   [58](2)505.8521
INSURANCE
BRAZIL      [55](21)533.1538
PORTS
ECUADOR     [593](4)568.884
RAIL SYSTEM
ECUADOR     [593](4)568.884
ROADS
COLOMBIA    [57](1)222.3737
VENEZUELA   [58](2)509.1004
TELECOM
ECUADOR     [593](2)509.433
HONDURAS    [504]221.0548
PARAGUAY    N/A
PERU        [51](1)332.4084
WATER
BRAZIL      [55](21)533.1538
BRAZIL      [55](21)533.1538
BRAZIL      [55](21)533.1538
PERU        [51](1)442.5000
NOTE: Dates and requirements subject to change. LATIN TRADES accepts
noresponsibility for any changes.