Exhibit 8.1

EX-8.1 19 e17118ex8_1.htm SIGNIFICANT SUBSIDIARIES Exhibit 8.1

Exhibit 8.1

SIGNIFICANT SUBSIDIARIES

     The table below sets forth all of our direct and indirect significant subsidiaries and the percentage of equity of each subsidiary we owned directly or indirectly as of December 31, 2003:

      Name of Company Percentage Owned

Propimex, S.A. de C.V., a Mexican corporation 99.99%

Inmuebles del Golfo, S.A. de C.V., a Mexican corporation 99.99%

Corporación Interamericana de Bebidas, S.A. de C.V.,
    a Mexican corporation 99.97%

Panamco México, S.A. de C.V., a Mexican corporation 98.14%

Panamco Bajío, S.A. de C.V., a Mexican corporation 93.37%

	Name of Company	Percentage Owned
	Propimex, S.A. de C.V., a Mexican corporation	99.99%
	Inmuebles del Golfo, S.A. de C.V., a Mexican corporation	99.99%
	Corporación Interamericana de Bebidas, S.A. de C.V., a Mexican corporation	99.97%
	Panamco México, S.A. de C.V., a Mexican corporation	98.14%
	Panamco Bajío, S.A. de C.V., a Mexican corporation	93.37%