<SEC-DOCUMENT>0000950103-14-007035.txt : 20150304
<SEC-HEADER>0000950103-14-007035.hdr.sgml : 20150304
<ACCEPTANCE-DATETIME>20141008131647
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950103-14-007035
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20141008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BBVA BANCO FRANCES SA
		CENTRAL INDEX KEY:			0000913059
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		RECONQUISTA 199
		CITY:			1003 BUENOS AIRES AR
		STATE:			C1
		ZIP:			00000
		BUSINESS PHONE:		2127595576

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRENCH BANK OF THE RIO DE LA PLATA
		DATE OF NAME CHANGE:	19931005
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<html>
<head>
    <title></title>
</head>
<body bgcolor="#ffffff" style="TEXT-INDENT: 0pt; DISPLAY: inline; FONT-FAMILY: Arial; MARGIN-LEFT: 5%; FONT-SIZE: 10pt; MARGIN-RIGHT: 5%">
<div>
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" colspan="2" valign="top" width="55%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><img src="dpwlogo.jpg" alt=""></div>
</td>
<td align="left" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">New York</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Menlo Park</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Washington DC</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">S&#227;o Paulo</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">London</font></div>
</td>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Paris</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Madrid</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tokyo</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Beijing</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Hong Kong</font></div>
</td>
</tr><tr>
<td colspan="4" valign="top" width="75%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="55%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Andr&#233;s V. Gil</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td colspan="2" valign="top" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="23%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt">Davis Polk &amp; Wardwell </font>LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">121, avenue des Champs-Elys&#233;es</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">75008 Paris</font></div>
</td>
<td align="left" valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">01 56 59 36 30 tel</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">01 56 59 37 30 fax</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">andres.gil@davispolk.com</font></div>
</td>
<td colspan="2" valign="top" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="4" valign="bottom" width="75%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" colspan="2" valign="top" width="75%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">8 October 2014</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="6%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="94%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="6%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Re:</font></div>
</td>
<td align="left" valign="top" width="94%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">BBVA Banco Franc&#233;s S.A. Form 20-F for Fiscal year ended December 31, 2013 filed April 21, 2014, File no. 1-12568</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Mr. Christian Windsor</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Special Counsel</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">US Securities and Exchange Commission</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">100 F Street, NE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Washington, D.C. 20549</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Dear Mr. Windsor:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">On behalf of our client, BBVA Banco Franc&#233;s S.A. we acknowledge receipt of the Staff&#8217;s comment letter dated September 30, 2014, regarding the above-captioned filing.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">As requested in the Staff&#8217;s comments and clarified telephonically, BBVA Banco Franc&#233;s S.A. will respond to the Staff&#8217;s comments by revising its future Form 20-F filing accordingly.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Sincerely,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">/s/ Andr&#233;s V. Gil</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Andr&#233;s V. Gil</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">cc:</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Alexandra M. Ledbetter, Staff Attorney </font>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Ignacio Sanz y Arcelus, CFO</font></font></div>
</div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>dpwlogo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 dpwlogo.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("
M`@("`@,#`@(#`@("`P0#`P,#!`0$`@,$!`0$!`,$!`,!`@("`@("`@("`@,"
M`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`!\`D@,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`/HK]J__`(*`?%CX"_''Q+\,/"GA'X=ZMHNBZ9X;O;:]\06?
MB2759)=9T6SU*Y2=]-\1VD!19[AU3;`A"J`Q9N3]9E.087'X.GB*M6K3D^>Z
MC*"BN6<HJUZ<FM$KZ[W/C,XXCQF6XZMA:5&C*$.3DYHS<O>IPF[N-2*^*32M
M%:6WW/"G_P""I'[1VG!;O5_A#X`MM/C8&9IM!^(&E*4/51?W>ORQ6['LS12`
M?W376N&\L:<88V?/T7/3M\_W9P?ZU9O"SE@:48+=JG4O\OWQ^@7[*7[</@O]
MI.XF\*W>COX&^(UG:27Y\.7-\NH:?KFGVX3[7?>'-2\F![@P;PTUI-!'-&A\
MQ?,C5W3P<UR7$96U*ZJ47]I=+][:?,^CRC/L/F3="WLL335W':+[\MVW\F^_
MH?<A('&<$=NG6O%V\K'O^B$W`8P0/3@C_/6A-='MY6#;I8-PZ9'L*8>@9P<`
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M\3\[=/\`^"DO[6>J:4NNZ5\"O".I:&?-VZQIO@GXF7VEL(':.XVZA:>(Y(#Y
M<B.CD.=K*0V""*]YY!E,9^R>+JTZO\LJE):/;3V29\S#B;.Y052.7TIT]?>C
M3JVT\_;-)]SZS_9-_P""@.F?'WQ0GPW\:>%;7P/X\N;:[NM#ETZ^GO?#WB+[
M#&9[VPMEO$2ZTS5HK9)IUMYFG61()=LH=-C>3FF1U,!3=>A+VF'75V;7SC96
M\[(]K)^(J>/JO"UJ?U?$IV45=+TLVW?YGZ/$[?\`9KP+VZ/Y'TWW+RV$#=N/
MH./ZT]HMV:MT>@/2RY6O/H?F:O[:WQ*_X;1_X9N_X1GP./!O_":OX;_MH6NO
M?\),+)?#[:MY_G_V]]A^U?:!LS]BV;/X,\U]'_8^&_L=YASU?;*'-R\T%"_,
MEMR<UO\`MX^4_MW%K/5E?LZ*H>TY;\L_:6LW\7M.6_\`VX'[//[:WQ)^+G[3
M?B?X)Z_X9\#Z;X:T2?Q_%;:GH]KKT6NR+X4U1K&P,\M[KUQ:DRQKNFV6J9;[
M@0<4\PR?#8++J6+I3JNI-4VU*4.7WXJ3LE"+W>GO/3<,LSS%XS-*^!J4Z,:5
M)U$G",U/W9-*[=22UMK:*/TSR,XR,CMZ9_E7S?R9]59K:R'4#/YI?^"B_'[8
M7C7M_P`2?X>GT_YEC2C7Z)D?_(EA'9>SKOMM5J_Y'Y?Q%IGL_P"[4HI?.C2Z
M'](<NF:;JVD+IVJ:?9:EI]W91PW5A?VL%W9W,,D*J\4]M<1O'+&RD@JRD$'D
M5^?<TH3<HRE%IZ--JVOD?I4:-)THPE3BX\JT<5V/YQ_B3X=L_P!FC]O33[3P
M(O\`9.C:/\1?!FMZ/8P.XBL-%\8#3IM3T5,MG[`MMJFHVBQL<>250Y`R?O\`
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MO`5X;NSTV"8R027VE6KN9B&/G;LFN>IE>"K9++%86ERXBG&\I*4G9IVDK-VZ
M/H=-#-\PP^>+!8NM^XG/2/+%6C/WH:I*6D91ZG=?\%`_VEOBM\.OB)\,?A7\
M%?%%SX=\1:Q8OJ6N&PLM,OKB]N-?U.WT7POIKIJ5C<B$>=;7\V(U5F^TQDG"
M@'#(LNPU?#8K%8VG[2E12MJXVLKM^ZUU.GB',L5A<5A,)@:SHU:S]ZR3O?9>
M\FEIV74\]\9_'[]H+P5^VG\.?@@_Q0U.[\+_`-M?!G0/$=B^F:`(]9N-9TK0
M%\43RSKI(FB%_?7-[*?)DC">=B/8``-Z.7X&IDV)QJH<M6+J.#YI*R7,XZ7M
MIINM>IS5LTS"AGN&P+Q#5+FI1G&T;.\(.?2^K;>CZG->/_VE/VB/C]^TSK7P
M/^%/Q0TKX+^'-)\0^(?#FCWES-;Z5)J#^&6FM[V^U35S:3WMWJ-[<VDQM=/M
M#"H61%PS!W.N'RS!8++:>88B@\7*23<8IMPO_=TC;76ZTW,<3FF88_-JF7X6
MNL'2BW%-M032UNY6O?33>][)7L=UX>\6?MW_`+-WQG\-^%?B%/XE^/GPXUV?
M2SJNK:-H>H>(K.VTG4KPV-Q?V.LII,-YH^KZ<^ZXDL[IY(9(44XVRK)'SU*>
M38W!U*M""P=:%[)M1ES);<M[6?EJ=-.OGN6XZG0K3EC:$TM4FXI-[J7+>_W?
MF>I_\%6CC]GWP:?^JM:)CM_S*?C+M6'"JMF3B_LTIZ[=4=/%ZOE<.G[V+2[:
M,Y3]B7]J7]G_`.%O[-7A#PEX]^*.@>&_$NE7OBRXO=#NTU274+>&\\2:G?6@
M$%G82B0S6LT<JI&S%A,.-Q(&N>9;CL3F3GA:#=.48)2V5TM>J2L1D.:9?ALK
MC"O75*<7.\+-O\(M:^I\'^"_&_ACQ?\`MTW'Q;\%V-QH_P`/=)\:Z[\3KR2.
MS-B]AX,\+Z1<W_B#6+JRBP+(7R6\SB!MN9M6BA8;Y-I]VO0GA\B^I5Y?OZD(
MTX+?EJ-V=NY\Y0Q%.IG\L;0A:A1J2J-I6_=]-%Y?F>^Z!\:_VV/VU/''B;_A
M2/B:/X7>!O#;I(L4%[#H=AIEO>/*-)M=8UZ+3+S4-8UZZB@>5X;=!!'L<B.-
M`"_GU<#DF38:G'&)U\3*W3[[*Z2/3HX_/<ZJUW@9K#8>G*R5U%)7[[M_??LK
M'4?"_P#:K_:,_9S^.6F_`_\`:FU(>)M$U>^TZR_X2&\-I=7^E0:[)]GT?Q+I
M.O6=M;G6?#\ET%CN(KR(S1!9\&.2!HWQQ>69;C\%4QF4QE3=&-Y0U2\]]$_0
MWPN;9EEF8QP&:R]I3FX\L^U]K6UW[M_(\ZAQ_P`/5O\`NJLQ'T_X0J7TKJ2M
MPO+O&E_[>C@O_P`9?!K9UM+?X6<9^S'X]\*?##]L[XN>.?&NKV^A^&]`'QJN
MKZ]G.6S_`,)#(L%K:P#Y[N_N)2L4-O$&>21U51SQOFM"I7RC!T:$'*<E0T71
M>SCKZ&>48FA@L[QU:O-4X1=>S[OGEHEW9]3?!/XT_M0_M?\`QPU+6_!_B/6?
MA3^SSX>OXUU---T[0I;E["V26:RT6#4M4TJY:^\5:JPB-X\#^386\[,HWI"M
MQY6-P6793@8TJU-8C,)I<KYI+E;=WHFE9+NM7ZGKX#'9KG&/G+#U983+Z<M;
M1C:W17:;O)^=^NRU_84#``R>`!DG)X'4GN:^4/M#^:;_`(*,D+^V#XV/"@:-
M\/B2>`JCPOI1)/H`,FOT7(E)911C!7E*G7T_[BU3\NXBM_;E;F]V,*E"[7;V
M-%G[C7G[6_[-&AZ.;Z]^-?@!H;*S1I(;'7;?4;V0I$,QVUA8>;<7$S$$"..-
MF)/2OB%E>/G-J.$J;O5)I?HD?>?VOEM&G&^,A&T5[N[T6UEU/Q+TS5;K]L7]
MNK3O$FA:=>P>';WQCHVLLLT(6XTOP!X"2R;^T-212R6\]S::;$-C,?\`2-3B
MA!9CS]HX1R;(Y4*CY:]2+44M/>EI;[V?!)O-^(%6A%^P4XU7Y0AJ^W1=#V?P
M3\7?VD?VV/CQXG\#^'/C7J/P4\&Z7#K>JVFF^'"UC>0>']+U2'3K:UA%E+:W
MVMZY+]I@EN))KV.*("9@@5%C/!4PN`R?`4,1/!_6:U;E;]HDU%M7:5[J*]%J
M>I1QF99UCZ^$AC%@J-+FY8Q<H2=G_=:D_.[\SYG_`&U/@[I_P3^)GASPP/BA
MXI^*GBB^\-QZUXMUOQ9=K=:E87-UJ<\.EV`3[1<26D;V4#W`AFGD;;.CC:L@
M!]7)<4\5@\546$CA81YU!Q5DTXZI:+YV5CR,]P-/`8S#T?K3Q562BY\VKC>6
MUVVVGYN_X'U=_P`%+O`=WX8UGX&_'305-M=S:1IGAO4;R%2C0Z[X96W\0>&+
MN21<?O)+=]0B!X.-.0"O+X;JPJT\QR^;<5)2<5?1)Z-6]=?F>KQ/0>'EEF94
MTE**A&36CDXI--V\G;T1Q_P$U*Y_:\_;RB^*6H6<T>@>%+>S\9FRG4%;*V\)
MZ78:5X<LW7E$,GB2:*\V]RLA]:US"']C9(\(GRRKR:;6C=W=_*SL899*><Y_
M'%55:G1BI6>RY4DM.EVK_>2_'<'_`(>?^$>.3\0_@MQ[FU\/TL%IPS76R_>>
M7\Q6/LN*Z795J?W<L3T3QC\%?V1?VMOC;XMTOX7?$3Q;\./B])<ZYJGB#2KG
MPQ,OAO5M<T:]6RUFZLK/5#:R)JOVO?<3)8WB[PDTXB&':N;"XW-<IP5*I6PZ
MJ8*?PRO[UGYI/TV1VXC`9-FV-KT\)B70QL;WC:T>9/733[EU/`?&&M_M+?L#
M?%;PUX77XOS>,]$O+>RUV#0#JVIZGX>U;1)+][&>PU3PYK<L\GA^_D6&5(Y;
M20,,K)%*P4J.ZE3RW.L+5KQPBPE2%TVDEJENFMSRZ]7,^'<;1H+%NO1]V3@I
M-JSTLX[+TMV:=G=_=/\`P5/N#=?LX^!+HQ/`;CXI>';@PO\`?@,W@_Q?*8FX
M'SKOVGCJ*\;A:/L\SG!/2%.HD_FCW^+)WRS#-KE]I5@VO6$G;[SQ+]D3]A/X
M&?&WX$^%?B-XU;QJOB'5[_Q';W@T?Q''IVG^7I>OW^G6PAM&TV4QDV]M'N/F
M'<Q8\9P.S,\[Q^!Q4L/0</9PC%KFCJG)7>MSS\DR#+\;EU'$UU/VLG-.S25D
M[+H^GF?7'Q#_`&3OAI\)?V9_CGX>^#'@_P"Q^(M?^'^L)=:O<3W.L>*-:AL%
M74I--?4[QFE%L\-K*!:6XBB9RI,98`UY-#-<3B,QP=3&3O3C4OR[03VTCMK?
M=GM8G)\)@\JQU+`4)>VG3?O?;M=.R=E9;O2Q\X_\$F_&?AB/PI\3O`TEY8VW
MBN7Q-IWB:WL9IHX+S4]$ET>'3_.M$E*FY2SN[242!-QC%ZA.`]>CQ51K2JX6
MOR^XX=KI.]];;7O^!Y?!M:E&AB\*VHUHS4K:)OI;[^GF>$?\%&=;TOXC_M/_
M``^\&^")X-8\1:1H7A_PA?OI4D=TR>(]8\37=U9Z0SV[,#=VD-Y;R.@.8VNF
M5L,I`[N'E4PV6XN<URTJB>CTTY=[/IU]#S>)JM+$9Q0IX9\TZ7(I-=)<VWXI
M#K&)H/\`@J;:PNVZ2'XF")V_O/'X%*,P_P!Y@3^--_\`),76B=&7E_R^_P`@
MBG'BZ$7%1Y*L;)?]>O(^;_"7P-U7]H;]J3XB?#?2=:L?#TUQXO\`B?K,^JWT
M$MS'!;Z1KFIS>7%;Q%3)-+<26\8RRA%>23)*!6]*OC8Y=EM'$2B[>RH15M+7
MA'[N[/,HY=4S+-\3AJ;Y7&I7D[Z+2<OSV_X!]@?\$\OC!XD^#OQ>\1?LK_$6
M"73XM7UW6+?1[:[=8AX>\?:/;W$FHV"/(5#6.MV5@/)(R)+B&T,0)O3GQ\_P
ME+&82EFF%LU2C'FMHVG97^5]?)L]SAK&5,#CJV48F\>>4E%/11DKO1>=K:6U
ML?N?7Q9^@'Y\_'S_`()[>!OC[\4-:^*&M_$'Q?X?U'6K+1K*72](LM$EL8$T
M;3+?3(GBDO;5Y2TD=LKMN8X9B!Q7NX+/L1@L-3PM.C"4:7-9N]_>G*;_`!DU
MZ'SF/X<H8_%5<3/$5*<JG+[L4K+EA&&FJZ1OZMGD%O\`\$DOA3%-&TWQ4^(<
MD*L#)%%9>%[>1E[JDQTR3RS[[&^E=:XJQL=%0I)+;<X?]3,'L\75^Y?JV?='
MP,_9I^$_[.^D7>F_#G1)+>^U,1#6O$NK3C4O$FL>2=T4=[J+QH$M$<EEM;>.
M"`,=WE[OFKQ,;F&*QLU*O4^'9+1+Y7W\SZ'`99A,M@X8>G:^[>_Y*RZV/D#X
MA_\`!,?P3XB\?:EX[^'OQ1\6_"J?5M2N]6NM,TC3XK^"RO=0EDGU`Z!>V^J:
M9=Z3!-+-*PA:6Z1/,95`CP@]7#<15J.'CAJ^'CB:<%9*3Y;6VO[LK_@>+B>%
MJ53$RQ.%Q<L)*3NTH<^^Z3YX6OZ:%'6/^"57PHU2RTS/Q-^):^((FO)]?\2W
MUQI6K:AXCN[AH#;S7$=_:,MFEJL+K&L;.S"=C+(Y"D5#B7%4U.,</24)*RC9
MI17RW_`)<)X23IR=>I[2#NY66KTZ7]W[V?9?QK_9\\.?'+X2)\*/%&L:E9V\
M#>'[BU\1V$%D=5M=2T#RD34(8;B)[=9+F`7,,J;=NR\<+C`KR,)C:F"Q4L52
MA'FDVW'6VO\`ET/8QV64L=@H8&K)J-/EM-?%[JMY;]3B/V7_`-D'P7^RX?%\
M_ASQ!KGBC4?%_P#945UJ.O6^G03V5CI/VMXK"S73H(U$,EQ>R2R%LEF2+L@K
M7,LSKYE[/VT5!4ME&]M3'*LFP^4>U]E.5256UW+1V7WG.>-/V(_"/C/]HG2_
MVBKKQOXHL=>TO7O">O1>';6TTAM'DG\)16,5K`\\MN;I89Q9(9"L@8&1MI'%
M;4LXJT<OGET:,/9233D[J7O7^74RK9%0JYC#,95I1J0::C;32UENM-.QR'QP
M_P""=OPT^+'C2]^(WAGQ;XF^%?C/5+LZCJEYX<CM[O2[O5F`\S6$TYIK2>PU
M*9LO-+9WUNLCLSE-[,S:8+/*^#I+#U::Q.&CM3D^6W97M+3Y&.8<-X7%UWBJ
M%1X*N]6XQO&[W?+S1?\`Y-:^MCG?A=_P32^'G@_QGIWCSXB_$'Q=\7]:TF]M
M=2L[;7X(K#29M1LI$EL[G589;[4KW54@DC1D@FO_`"B47>CJ-IUQ7$-:K1E0
MP^'AA*<E9J+N[/=)J,?R,\-PQ0HUX8C$8B6*J4]KQY%Y:<TOPL?4/[2W[.F@
M_M+^!]*\#>(/$6L^&;/2?$]GXHBO=$@L)[J6YL]-U73$M9$U"*2,0-'JLKDJ
M`V8E`.":\S+L=4RVO[>E",YI-6E=+7T/5S3+*>9X=8:I4E2C%W3BK_A='2_`
M/X,Z5\`?ACHGPPT36=2U_3M$N=7N8=3U:*TAOIFU?4[K5)5DCLHTA58Y+ID7
M:H^51G)J,;C)XW$3Q$XJG*:2M';0TR[`PRW"PPE.;E"#;3>CUU9[&0,%2!C!
M!!'&",$$>A%<GH=WY'YF?%C_`()A?"OQOXHOO%G@/QCX@^%-]J5S/>W>EZ7I
M]KK/A^&[NG:2YFTJQ:\L+K2DE=F8P17QA4L1'&BX4?0X3B+$X>BJ%:E'$4X[
M)OE?S?+*_P!R/E\9PMA:U65;"5G@)R=WRQYE]W/#\].AZ)^SO_P3_P#A3\`_
M$<'CB75M9^('CFR$W]E:UK\%I9Z?H<UQ&T4U[I.BVOF+'J+1R2J+JYN;N1!*
MQC*,2QPS#.\5C:;HQC'#4G]F&_HW9*W=65SHRSAW"9=5C7<GB*\7=2DN6-^_
M+>3OU^)V-5?V(?""?M*#]I4>-_%'_"0#Q,WB;_A&OLFD#1/M#:2VD&U\_P"S
M?:_L_E-YF?,W;N^*G^V:_P#9RRWV4/9**CS:\VCO?L6LAP\<S>9QJSC5<^?E
MTY;O=;[?(/A#^Q#X0^#_`,;=;^-VE>-_%&KZOK<OBV2;0M1M-(BTN`^+;YKZ
MZ$<MK;K<$0.Q2/<YROWLFIQ6;UL5@Z."E3C"G122:O?3JT5@\CHX+'U<?3K3
M=2K>\6DEKOK?]"O\=_V%?`GQK^)>G?%BW\8^*OAWXPLH=,-Q?>$XM*_T[4]$
MG6;1M<D-[;.T.JVR1P1"6-@'2UA#`E,FL%G-;!8>>%=*%>A/:-2]HW[6\]2<
M;D&&Q>*AC(U)8?$0UYX)7;2M?I9VTN?;&GP7-K865M>7C:C>6]I;07>H/#%;
M/?7,4*1SWC6\`$=NTTJM(8X_E0OM7@"O(;U;2LK[=O(]R*<8QBWS.*2;>[:6
%_P`S_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
