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<SEC-DOCUMENT>0001001290-04-000003.txt : 20040218
<SEC-HEADER>0001001290-04-000003.hdr.sgml : 20040218
<ACCEPTANCE-DATETIME>20040217175515
ACCESSION NUMBER:		0001001290-04-000003
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040218

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CREDICORP LTD
		CENTRAL INDEX KEY:			0001001290
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-50719
		FILM NUMBER:		04610767

	BUSINESS ADDRESS:	
		STREET 1:		CALLE CENTENARIO N 158 LA MOLINA, 3RD FL
		STREET 2:		DIV FINANZAS, INVESTOR RELATIONS AREA
		CITY:			LIMA 12 PERU
		STATE:			R5
		ZIP:			00000
		BUSINESS PHONE:		5113135140

	MAIL ADDRESS:	
		STREET 1:		CALLE CENTENARIO N 158 LA MOLINA, 3RD FL
		STREET 2:		DIV FINANZAS, INVESTOR RELATIONS AREA
		CITY:			LIMA 12 PERU
		STATE:			R5
		ZIP:			999999999

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CREDICORP LTD
		CENTRAL INDEX KEY:			0001001290
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		CALLE CENTENARIO N 158 LA MOLINA, 3RD FL
		STREET 2:		DIV FINANZAS, INVESTOR RELATIONS AREA
		CITY:			LIMA 12 PERU
		STATE:			R5
		ZIP:			00000
		BUSINESS PHONE:		5113135140

	MAIL ADDRESS:	
		STREET 1:		CALLE CENTENARIO N 158 LA MOLINA, 3RD FL
		STREET 2:		DIV FINANZAS, INVESTOR RELATIONS AREA
		CITY:			LIMA 12 PERU
		STATE:			R5
		ZIP:			999999999
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>credicorp20040213sc13g.htm
<DESCRIPTION>SCHEDULE 13G - AMENDMENT NO. 7
<TEXT>
<html><head><title>Provided by MZ Data Products</title></head>
<body>

<HR SIZE="4" NOSHADE COLOR="#000000" ALIGN="left"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>Washington, D.C. 20549 </B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <HR NOSHADE WIDTH="21%" COLOR="#000000"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>SCHEDULE 13G</B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>  <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></DIV>
<DIV align="center"><FONT FACE="times new roman" SIZE="3"><B>(Amendment No. 7)</B> </FONT></DIV>
<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>
<DIV align="center"><FONT FACE="times new roman" SIZE="5"><B>Credicorp Ltd.</B> </FONT></DIV>

<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>
<HR NOSHADE WIDTH="21%" COLOR="#000000">
<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>

<DIV align="center"><FONT FACE="times new roman" SIZE="3"><B>(Name of Issuer)</B> </FONT></DIV>
<DIV align="center"><font face="times new roman" size="2">&nbsp;</font></DIV>
<DIV align="center"><FONT FACE="times new roman" SIZE="3"><B>Common Shares</B> </FONT></DIV>

<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>
<HR NOSHADE WIDTH="21%" COLOR="#000000">
<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>

<DIV align="center"><FONT FACE="times new roman" SIZE="3"><B>(Title of Class of Securities)</B> </FONT> </DIV>
<DIV align="center"> <FONT FACE="times new roman" SIZE="3"><B>G2519Y 10 8</B> </FONT> </DIV>

<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>
<HR NOSHADE WIDTH="21%" COLOR="#000000">
<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>

<DIV align="center"><FONT FACE="times new roman" SIZE="3"><B>(CUSIP Number)</B> </FONT> </DIV>
<DIV align="center"><FONT FACE="times new roman" SIZE="3"><B>N/A</B> </FONT></DIV>

<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>
<HR NOSHADE WIDTH="21%" COLOR="#000000">
<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>

<DIV align="center"><font face="times new roman" size="2">(Date of Event Which Requires Filing of this Statement) </font></DIV>
<DIV align="CENTER"><font face="times new roman" size="2">Check the appropriate box to designate the rule pursuant to which this Schedule is filed: </font></DIV>
<DIV align="CENTER"><font face="times new roman" size="2">[&nbsp;&nbsp;&nbsp;] Rule 13d-1(b) </font></DIV>
<DIV align="CENTER"><font face="times new roman" size="2">[&nbsp;&nbsp;&nbsp;] Rule 13d-1(c) </font></DIV>
<DIV align="CENTER"><font face="times new roman" size="2">[X] Rule 13d-1(d) </font></DIV>
<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>
<DIV align="CENTER"><font face="times new roman" size="2">* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. </font></DIV>
<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>
<DIV align="CENTER"><font face="times new roman" size="2">The information required in the remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, <em>see </em> the Notes).</font></DIV>
<DIV align="center"><font face="times new roman" size="1">&nbsp;</font></DIV>
<HR SIZE="4" NOSHADE COLOR="#000000" ALIGN="left">
<p style="page-break-before:always">
<table width="100%" border="1" cellpadding="2" cellspacing="0">
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">1 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only) </font></p>
        <p><font size="2" face="Times New Roman, Times, serif">Atlantic Security Holding Corporation</font> </p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">2 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Check the Appropriate Box if a Member of a Group&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) : [X]<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       (b) : [ &nbsp;&nbsp;] </font></p>
    </td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">3 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">SEC Use Only </font></p>
        <p>&nbsp; </p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">4 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Citizenship or Place of Organization </font></p>
        <p><font size="2" face="Times New Roman, Times, serif">Cayman Islands </font></p></td>
  </tr>
  <tr>
    <td colspan="2" rowspan="4" align="center" valign="middle"><font size="2" face="Times New Roman, Times, serif"> NUMBER OF      <br>
    SHARES <br>
    BENEFICIALLY <br>
    OWNED BY <br>
    EACH <br>
    REPORTING <br>
    PERSON <br>
    WITH </font></td>
    <td width="10%" valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">5 </font></p></td>
    <td width="60%" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Sole Voting Power </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">11,783,519* </font></p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">6 </font></p></td>
    <td valign="top"><p><font size="2" face="Times New Roman, Times, serif">Shared Voting Power </font></p>
        <p><font size="2" face="Times New Roman, Times, serif">0 </font></p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">7 </font></p></td>
    <td valign="top"><p><font size="2" face="Times New Roman, Times, serif">Sole Dispositive Power </font></p>
        <p><font size="2" face="Times New Roman, Times, serif">11,783,519* </font></p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">8 </font></p></td>
    <td valign="top"><p><font size="2" face="Times New Roman, Times, serif">Shared Dispositive Power </font></p>
        <p><font size="2" face="Times New Roman, Times, serif">0 </font></p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">9 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Aggregate Amount Beneficially Owned by Each Reporting Person </font></p>
        <p><font size="2" face="Times New Roman, Times, serif">11,783,519* (individually) <br>
        14,402,118 (total group shares) </font></p>
    </td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">10 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Check if the Aggregate Amount in Row (9) Excludes Certain Shares </font></p>
        <p>&nbsp; </p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">11 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Percent of Class Represented by Amount in Row (9) </font></p>
        <p><font size="2" face="Times New Roman, Times, serif">12.48%* (individually) <br>
        15.25% (total group shares) </font></p>        </td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">12 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Type of Reporting Person <em>(See </em> Instructions) </font></p>
        <p align="center"><font size="2" face="Times New Roman, Times, serif">HC</font></p>        </td>
  </tr>
</table>
<table width="100%"  border="0" cellpadding="2" cellspacing="0">
  <tr>
    <td width="3%"><font size="1" face="Times New Roman, Times, serif">*</font></td>
    <td width="97%"><p align="justify"><font size="1" face="Times New Roman, Times, serif">Reflects 1,625,315 shares held of record by Banco de Cr&eacute;dito Overseas Ltd., its wholly-owned subsidiary.</font></p></td>
  </tr>
</table>
<p style="page-break-before:always">
<table width="100%" border="1" cellpadding="2" cellspacing="0">
  <tr>
    <td valign="top">    <p align="center"><font size="2" face="Times New Roman, Times, serif">1 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only) </font></p>
        <p><font size="2" face="Times New Roman, Times, serif">El Pac&#237;fico-Peruano Suiza Compa&#241;&#237;a de Seguros y Reaseguros </font></p>
    </td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">2 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Check the Appropriate Box if a Member of a Group&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) : [X]<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) : [ &nbsp;&nbsp;] </font></p>    </td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">3 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">SEC Use Only </font></p>
    <p>&nbsp; </p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">4 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Citizenship or Place of Organization </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Per&#250; </font></p></td>
  </tr>
  <tr>
    <td colspan="2" rowspan="4" align="center" valign="middle"><p><font size="2" face="Times New Roman, Times, serif">NUMBER OF <br>
        SHARES <br>
        BENEFICIALLY <br>
        OWNED BY <br>
        EACH <br>
        REPORTING <br>
        PERSON <br>
        WITH </font></p>
    </td>
    <td width="10%" valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">5 </font></p></td>
    <td width="60%" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Sole Voting Power </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">2, 618,599* </font></p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">6 </font></p></td>
    <td valign="top"><p><font size="2" face="Times New Roman, Times, serif">Shared Voting Power </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">0 </font></p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">7 </font></p></td>
    <td valign="top"><p><font size="2" face="Times New Roman, Times, serif">Sole Dispositive Power </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">2,618,599* </font></p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">8 </font></p></td>
    <td valign="top"><p><font size="2" face="Times New Roman, Times, serif">Shared Dispositive Power </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">0 </font></p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">9 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Aggregate Amount Beneficially Owned by Each Reporting Person </font></p>
        <p><font size="2" face="Times New Roman, Times, serif">2,618,599* (individually) <br>
    14,402,118 (total group shares) </font></p>    </td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">10 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Check if the Aggregate Amount in Row (9) Excludes Certain Shares </font></p>
    <p>&nbsp; </p></td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">11 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Percent of Class Represented by Amount in Row (9) </font></p>
        <p><font size="2" face="Times New Roman, Times, serif">2.77%* (individually) <br>
    15.25% (total group shares)</font></p>    </td>
  </tr>
  <tr>
    <td valign="top"><p align="center"><font size="2" face="Times New Roman, Times, serif">12 </font></p></td>
    <td colspan="3" valign="top"><p><font size="2" face="Times New Roman, Times, serif">Type of Reporting Person <em>(See </em> Instructions) </font></p>
    <p align="center"><font size="2" face="Times New Roman, Times, serif">IC</font></p>    </td>
  </tr>
</table>
<table width="100%"  border="0" cellpadding="2" cellspacing="0">
  <tr>
    <td width="3%"><font size="1" face="Times New Roman, Times, serif">*</font></td>
    <td width="97%"><p align="justify"><font size="1" face="Times New Roman, Times, serif">Reflects 14,080 shares held of record by El Pac&iacute;fico Vida Compa&#241;&#237;a de Seguros, a subsidiary of El-Pac&#237;fico-Peruano Suiza Compa&#241;&#237;a de Seguros y Reaseguros.</font></p></td>
  </tr>
</table>
<p style="page-break-before:always">
<table width="100%"  border="0" cellpadding="2">
  <tr align="left" valign="top">
    <td width="15%"><font size="2" face="Times New Roman, Times, serif">Item 1(a). </font></td>
    <td width="85%"><p><font size="2" face="Times New Roman, Times, serif">Name of Issuer : </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Credicorp Ltd. </font></p></td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 1(b).</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Address of Issuer's Principal Executive Offices:</font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Clarendon House <br>
      Church Street <br>
      Hamilton HM11 Bermuda</font></p>    </td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 2(a).</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Name of Persons Filing: </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Atlantic Security Holding Corporation <br>
  El Pac&#237;fico-Peruano Suiza Compa&#241;&#237;a de Seguros y Reaseguros </font></p>    </td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 2(b).</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Address of Principal Business Office or if None, Residence:</font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Atlantic Security Holding Corp. <br>
      Calle 50 y Aquilino de la Guardia <br>
      Torre Banco Continental Pisos 28 29 <br>
      Panama, Republic of Panama </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">El Pac&#237;fico-Peruano Suiza Compa&#241;&#237;a de Seguros y Reaseguros <br>
      Avenida Arequipa 660 <br>
      Lima, Per&uacute;</font></p>    </td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 2(c).</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Citizenship: </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">See Item 4 on Page 2 <br>
      See Item 4 on Page 3 </font></p>    </td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 2(d).</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Title of Class of Securities: </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Common Shares</font></p></td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 2(e).</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Cusip Number: </font></p>
    <p><font size="2" face="Times New Roman, Times, serif"> G2519Y 10 8 </font></p>    </td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 3.</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: Not Applicable. </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(a) [ ] Broker or dealer registered under Section 15 of the Act <br>
  (15 U.S.C. 78o) </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c) </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c) </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8) </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(e) [ ] An investment adviser in accordance with &sect;240.13d-1(b)(1)(ii)(E) </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(f) [ ] An employee benefit plan or endowment fund in accordance with &sect;240.13d-1(b)(1)(ii)(F) </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(g) [ ] A parent holding company or control person in accordance with &sect;240.13d-1(b)(ii)(G) </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">(j) [ ] Group, in accordance with &sect;240.13d-1(b)(1)(ii)(J) </font></p></td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 4.</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Ownership </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(a) Amount Beneficially Owned: </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">See Item 9 on Page 2 <br>
      See Item 9 on Page 3 </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(b) Percent of Class: </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">See Item 11 on Page 2 <br>
      See Item 11 on Page 3 </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(c) Number of shares as to which such person has: </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(i) Sole power to vote or to direct the vote: </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">See Item 5 on Page 2 <br>
      See Item 5 on Page 3 </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(ii) Shared power to vote or to direct the vote: </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">See Item 6 on Page 2 <br>
      See Item 6 on Page 3 </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(iii) Sole power to dispose or to direct the disposition of: </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">See Item 7 on Page 2 <br>
      See Item 7 on Page 3 </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">(iv) Shared power to dispose or to direct the disposition of: </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">See Item 8 on Page 2 <br>
      See Item 8 on Page 3 </font></p>    </td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 5.</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Ownership of Five Percent or Less of a Class </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Not Applicable </font></p></td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 6.</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Ownership of More than Five Percent on Behalf of Another Person </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Not Applicable </font></p></td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 7.</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Not Applicable </font></p></td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 8.</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Identification and Classification of Members of the Group </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">See Exhibit B attached hereto </font></p></td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 9.</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Notice of Dissolution of Group </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Not Applicable</font></p></td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Item 10.</font></td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Certification </font></p>
    <p><font size="2" face="Times New Roman, Times, serif">Not Applicable</font></p></td>
  </tr>
</table>
<p style="page-break-before:always">
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left"><p>&nbsp;</p>
<p align="center"><FONT FACE="times new roman" SIZE="3"><B>SIGNATURE</B> </FONT> </p>
<p><font face="times new roman" size="2">&nbsp; </font></p>
<p><font face="times new roman" size="2">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. </font></p>
<p align="right"><font face="times new roman" size="2">&nbsp; </font></p>
<div align="right">
  <table width="30%"  border="0" cellspacing="2" cellpadding="2">
    <tr>
      <td> February 17, 2004<hr size="1">
      (Date) </td>
    </tr>
    <tr>
      <td><div align="center">Atlantic Security Holding Corporation</div><br><br>
        <em><br><br>/s/ Carlos Mu&#241;oz</em><br>
        <hr size="1">
      President </td>
    </tr>
    <tr>
      <td><p><font face="times new roman" size="2">Name: Carlos Mu&#241;oz<br>
        Title: Authorized Signatory </font></p>    </td>
    </tr>
  </table>
</div>
<p>&nbsp;</p><HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<p style="page-break-before:always">
<p align="center"><font size="2" face="Times New Roman, Times, serif">EXHIBITS </font></p>
<p><font size="2" face="Times New Roman, Times, serif">Exhibit A Joint Filing Statement <br>
</font></p>
<p><font size="2" face="Times New Roman, Times, serif">Exhibit B Identification and Classification of Members of Group </font></p>
<p style="page-break-before:always">
<p align="center"><font size="2" face="Times New Roman, Times, serif">Exhibit A to Schedule 13G </font></p>
<p align="center"><font size="2" face="Times New Roman, Times, serif">Joint Filing Agreement <br>
Pursuant to Rule 13d-1(k) </font></p>
<p align="justify"><font size="2" face="Times New Roman, Times, serif">The undersigned persons (the &quot;Reporting Persons&quot;) hereby agree that a joint statement on this Schedule 13G, and any amendments thereto, be filed on their behalf by Atlantic Security Holding Corporation. </font></p>
<p align="justify"><font size="2" face="Times New Roman, Times, serif">Each of the Reporting Persons is responsible for the completeness and accuracy of the information concerning each of them contained therein, but none of the Reporting Persons is responsible for the completeness or accuracy of the information concerning any other Reporting Person. </font></p>
<table width="100%"  border="0" cellpadding="2">
  <tr>
    <td width="50%"><font size="2" face="Times New Roman, Times, serif">Date: February 12, 2004 </font></td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><p><font size="2" face="Times New Roman, Times, serif">Atlantic Security Holding Corporation </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">By: <em>/s/ Carlos Mu&#241;oz <br>
        </em>Name: Carlos Mu&#241;oz <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President<br>
  Title: Authorized Signatory </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">El Pac&#237;fico-Peruano Suiza Compa&#241;&#237;a <br>
  de Seguros y Reaseguros </font></p>
      <p><font size="2" face="Times New Roman, Times, serif">By: <em>/s/ Arturo Rodrigo <br>
        </em>Name: Arturo Rodrigo <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Manager<br>
  Title: Authorized Signatory </font></p></td>
  </tr>
</table>
<p style="page-break-before:always">
<p align="center"><font size="2" face="Times New Roman, Times, serif">Exhibit B</font></p>
<p><font size="2" face="Times New Roman, Times, serif">Members of Group: </font></p>
<table width="100%"  border="0" cellpadding="2">
  <tr valign="bottom">
    <td width="5%">&nbsp;</td>
    <td width="50%" align="left"><p><font size="2" face="Times New Roman, Times, serif">Atlantic Security Holding Corporation</font></p>
    </td>
    <td width="45%" align="right"><font size="2" face="Times New Roman, Times, serif">(HC) </font></td>
  </tr>
  <tr valign="bottom">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="Times New Roman, Times, serif">El Pac&#237;fico-Peruano Suiza Compa&#241;&#237;a </font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">(IC) </font></td>
  </tr>
  <tr valign="bottom">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="Times New Roman, Times, serif">Banco de Cr&eacute;dito Overseas Ltd.*</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">(CO)</font></td>
  </tr>
  <tr valign="bottom">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="Times New Roman, Times, serif">El Pac&iacute;fico Vida*</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">(CO)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<p><font size="2" face="Times New Roman, Times, serif">Aggregate amount of common shares beneficially <br>
Owned by group: <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,402,118 </font></p>
<p><font size="2" face="Times New Roman, Times, serif">Percent of class: <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.25% </font></p>
<p align="justify"><font size="2" face="Times New Roman, Times, serif">* The holdings of these members have been reported by the respective beneficial owners thereof. </font></p>
<p>&nbsp;</p>
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