# FORM 6-K

# SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

# REPORT OF FOREIGN ISSUERPURSUANT TO RULE 13a-16 OR 15d-16 OFTHE SECURITIES EXCHANGE ACT OF 1934

For the month
  of May 2004

|Mexican
        Economic Development, Inc.             
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|                                                       
|(Translation
        of Registrants Name Into English)

|Mexico                                                 
|-------------------------------------------------------
|                                                       
|(Jurisdiction
        of incorporation or organization)

|General
        Anaya No. 601 Pte.
        Colonia Bella Vista
        Monterrey, Nuevo León 64410 
        México
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|                                                                                                                  
|(Address
        of principal executive offices)                                                                  

|(Indicate by
        check mark whether the registrant files or will file annual reports under
        cover of Form 20-F or Form 40-F.)
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        One) Form 20-F X Form 40-F                                                                                                                
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|(Indicate by check
        mark if the registrant is submitting the Form 6-K in paper as permitted
        by Regulation S-T Rule 101(b)(1))
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|(Indicate by check
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|(Indicate by check
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        this Form is also thereby furnishing information to the Commission pursuant
        to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
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|(If "Yes"
      is marked, indicate below the file number assigned to the registrant in
      connection with Rule 12g3-2(b). 82-___.)                                                                                                                                                                  

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Table of Contents


> Press Release (May 23, 2004): FEMSA and Interbrew agree
>             to unwind relationship
>           Webcast (May 24, 2004): FEMSA and Interbrew agree to
>             unwind relationship



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|                                                                                                                                                                                                                                                                                                                                                                            | FEMSA and Interbrew agree to
          unwind relationship
        FEMSA will own 100% of its
          beer operations                                                                                                                                                                                                                             
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                            | Monterrey, Mexico
      - May 23, 2004- Fomento Económico Mexicano,
      S.A. de C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSA UBD, FEMSA UB),
      the Leader in Latin Beverages, announced today that it has signed agreements
      to unwind its existing business relationship with Interbrew. There are several
      components to the transaction:
|Investors Contact:
      Juan F. Fonseca 
        (52) 818-328-6245 
        juan.fonseca@femsa.com.mx
      Alan Alanis(52) 818-328-6211 
        alan.alanis@femsa.com.mx
      Media Contact:
      Jaime Toussaint Elosúa 
        (52) 818-328-6202 
        jtouelo@femsa.com.mx
      Carolina Alvear Sevilla
        (52) 818-328-6046
        calvsev@femsa.com.mx |                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                            | FEMSA will acquire
      the 30% shareholding stake of FEMSA Cerveza currently owned by Interbrew
      for US$1.245 billion in cash.                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                            | The rights to
      FEMSA Cerveza's beer brands in the United States will be assigned back to
      Wisdom Import Sales Co. LLC, a wholly owned subsidiary of FEMSA Cerveza,
      in redemption for its 30% interest in Labatt USA.                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                            | Pursuant to
      a transitional commercial agreement, Labatt USA will act as importer of
      the FEMSA Cerveza brands in the United States for a period of 120 days after
      the closing of the transaction.                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                            | FEMSA Cerveza
      is ready to take control of the import, marketing and distribution of its
      brands in the United States while also exploring alternative strategies
      for the U.S. market.                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                            | Closing of the
      transaction is subject to customary conditions, as well as to the closing
      of the transaction between Interbrew and AmBev, and to the availability
      of financing to consummate our transaction if it has not occurred by August
      31, 2004.                                                                      



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José Antonio Fernández, Chairman
  and CEO of FEMSA, commented, "This transaction is happening at a great
  moment. This is an excellent time to increase our ownership in FEMSA Cerveza,
  as we begin to see positive signs that its transformation is bearing fruit.
  From the perspective of our shareholders, raising our interest in FEMSA Cerveza
  from 70% to 100% represents a significant increase in their participation in
  one of the world's most profitable beer markets, at the right time, and the
  right price."

"This transaction will also enable us
  to redefine the approach to our export strategy and increase the growth of our
  brands in the United States, which is FEMSA Cerveza's second major market."

"Today we are taking a key step in our
  ongoing effort to strengthen the long-term growth prospects for FEMSA, consolidating
  beer as a core element of our overall beverage platform", concluded Mr.
  Fernández.

FEMSA will pay Interbrew an amount of US$1.245
  billion in cash. Formal commitments are in place from top-tier financial institutions
  for a total of US$950 million, of which US$700 million may be drawn in Mexican
  Pesos and the remaining US$250 million are to be drawn in dollars. Permanent
  funding is expected to be as follows:

| | US$295 million of cash on
      hand.                                                                                                                                                                                             
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | US$150 million equivalent
      in a Peso-denominated unsecured term loan to FEMSA with maturity of 4 years.                                                                                                                      
| | US$300 million equivalent
      in Peso-denominated Long Term Notes issued by FEMSA and backed by FEMSA
      Cerveza, with maturities of 5 and 6 years, expected to receive local currency
      Investment Grade credit ratings.
| | US$500 million through a
      primary issue of FEMSA shares on the Mexican and New York Stock Exchanges.                                                                                                                         

This primary issue of FEMSA shares is expected
  to raise between US$500 and US$650 million. Any amount exceeding US$500 million
  will be used to prepay the 4-year term loan to FEMSA. The participants of FEMSA's
  Voting Trust have indicated their willingness to subscribe up to US$260 million
  of newly issued FEMSA shares.

Closing of our transaction is expected to
  take place during the third quarter of 2004.



##



This press release shall not
  constitute an offer to sell or the solicitation of an offer to buy any securities.
  There shall be no sale of any securities in any jurisdiction in which such offer,
  solicitation or sale would be unlawful prior to registration under the securities
  laws of such jurisdiction.

FEMSA is the leading beverage
  company in Latin America. It controls an integrated beverage platform that comprises
  the largest Coca-Cola bottler in the region, Coca-Cola FEMSA; the second largest
  brewer in Mexico and important beer exporter to the United States, FEMSA Cerveza;
  and Oxxo, the largest and fastest growing convenience store chain in Mexico
  with over 2,800 stores.



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|WEBCAST AND TELECONFERENCE INFORMATION:
      FEMSA will host a live webcast and teleconference
        followed by a question and answer session on May 24, 2004 at 12:00 P.M.
        Eastern Time (11:00 A.M. Mexico City Time). To participate in the conference
        call, please dial: Domestic U.S.: 1-800-915-4836 and International: 973-317-5319.
        The live webcast and slideshow can be accessed at http:ir.femsa.com
      A replay of the webcast and teleconference, will
        be available immediately after the live event and until May 31, 2004 on
        our company website or by dialing: Domestic U.S.: 1-800-428-6051 and International:
        973-709-2089, Passcode: 357606.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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# SIGNATURES

Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant has
  duly caused this report to be signed on its behalf by the undersigned, thereunto
  duly authorized.

|Date: May 24, 2004 | Fomento Económico
        Mexicano S.A. de C.V.
        By:   /s/ Federico Reyes
        Name:   Federico Reyes 
        Title:     Executive Vice President of Finance
        and Planning
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