|Exhibit 99.1
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|Internal use : Of. De Partes S.V.S.
|-----------------------------------



|FORM No. 1 
      Payment of Dividend
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|    | 0.01 Original information:
      yes    (yes/no)           |  | 0.02 Date sent : 27/12/02 (DD MM YY)                                                              
|--- | ---------------------------------------------------------- |  | --------------------------------------------------------------------------------------------------
|    |                                                            |  |                                                                                                   
|1.- | Identification of the Company and the Event                |  |                                                                                                   
|    |                                                            |  |                                                                                                   
|    | 1.01 R.U.T.: 96.439.000-2                                  |  | 1.02 Date sent
      (original form) : 27/12/02 (DD MM YY)                                        
|    |                                                            |  |                                                                                                   
|    | 1.03 Company Name : DISTRIBUCION
      Y SERVICIO D&S S.A.
|    |                                                            |  |                                                                                                   
|    | 1.04 Securities Register No.: 0593                         |  | 1.05 Stock Series : Single unique                                                                 
|    |                                                            |  |                                                                                                   
|    | 1.06 Ticker Symbol : D&S                                   |  | 1.07 Event Id.. : Dividend No. 34                                                                 
|    |                                                            |  |                                                                                                   
|2.- | Agreement and Amount of Dividend                           |  |                                                                                                   
|    |                                                            |  |                                                                                                   
|    | 2.01 Date of Agreement : 26.12.02 
      (DD MM YY)        |  |                                                                                                   
|    |                                                            |  |                                                                                                   
|    | 2.02 Approved by : 3                                       |  | (1: General Shareholders Meeting.; 2: Extraordinary
      Shareholders Meeting; 3: Board Meeting).
|    |                                                            |  |                                                                                                   
|    | 2.03 Total Amount of Dividend :
      Ch$ 6.900.000.000    |  | 2.04 Currency : Ch $; _______                                                                     
|    |                                                            |  |                                                                                                   
|    |                                                            |  |                                                                                                   
|3.- | Entitled Shares and Shareholders                           |  |                                                                                                   
|    |                                                            |  |                                                                                                   
|    | 3.01 Number of shares : 1.380.000.000.-                    |  | 3.02 Cut-off date : 09.01.03 (DD MM YY)                                                           
|    |                                                            |  |                                                                                                   
|4.- | Type of dividend                                           |  |                                                                                                   
|    |                                                            |  |                                                                                                   
|    | 4.01 Type of Dividend : 1                                  |  | (1: Provisory; 2: Final Minimum Compulsory; 3:
      Final eventual or additional dividend ).     
|    |                                                            |  |                                                                                                   
|    | 4.02 Closing of fiscal year : 31.12.02 
      (DD MM YY)   |  |                                                                                                   
|    |                                                            |  |                                                                                                   

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|    | 4.03 Form of Payment :
      1                                                 |  | (1: Cash; 2: Optional in cash or same kind of shares;
      3: Optional in cash or shares of another company; 4: Other modality).
|--- | ------------------------------------------------------------------------------ |  | ---------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                |  |                                                                                                                                  
|5.- | Cash Payment of Dividend (Either in cash
      or optional in cash or shares).
|    |                                                                                |  |                                                                                                                                  
|    | 5.01 Payment in Cash : _____Ch$ 5 /share                                       |  | 5.02 Currency : Ch$,                                                                                                            
|    |                                                                                |  |                                                                                                                                  
|    | 5.03 Date of Payment : 15.01.03                                                |  | (DD MM YY)                                                                                                                       
|    |                                                                                |  |                                                                                                                                  
|6.- | Distribution of Optional Dividend
      in Shares                             
|    |                                                                                |  |                                                                                                                                  
|    | 6.01 Start Date for Option :                                                  |  | (DD MM YY)                                                                                                                       
|    |                                                                                |  |                                                                                                                                  
|    | 6.02 End Date of Option :                                                     |  | (DD MM YY)                                                                                                                       
|    |                                                                                |  |                                                                                                                                  
|    | 6.03 Date of share certificate delivery :                                     |  | (DD MM YY)                                                                                                                       
|    |                                                                                |  |                                                                                                                                  
|    | 6.04 Series available for option :                                            |  | (Only if option is on shares of the same kind)                                                                                   
|    |                                                                                |  |                                                                                                                                  
|    | 6.05 Shares after event :                                                     |  | (Only if option is on shares of the same kind)                                                                                   
|    |                                                                                |  |                                                                                                                                  
|    | 6.06 R.U.T. of issuing Company :                                              |  | (Only if option is on shares of which the Company
      is shareholder).                                                         
|    |                                                                                |  |                                                                                                                                  
|    | 6.07 Ticker Symbol :                                                          |  |                                                                                                                                  
|    |                                                                                |  |                                                                                                                                  
|    | 6.08 Share Equivalence Factor :                                               |  | Shares to be received per each voting share                                                                                      
|    |                                                                                |  |                                                                                                                                  
|    | 6.09 Price of share :                                                         |  | /share.                                                                                                                          
|    |                                                                                |  |                                                                                                                                  
|    | 6.10 Currency : $,                                                            |  |                                                                                                                                  
|    |                                                                                |  |                                                                                                                                  

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|7.- | Remarks
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|    |        

| The Company will
determine and inform conveniently the amount of credit corresponding to shareholders for
the referred dividend.
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| Starting January 15,
      2003, this dividend will be paid in checks at the offices of the Companys
      Stock Management Department, Depósito Central de Valores S.A., Depósito
      de Valores (Securities Depositary)-DCV- located on Huérfanos #770, 22nd
      floor, Santiago, from Monday through Friday, from 09:00 am to 1:30 pm. The
      check corresponding to the dividend will be sent by registered mail or deposited
      in the shareholders current or savings account in accordance with
      their previously specified instructions.
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| The corresponding advertisement
      will be published in El Mercurio de Santiago newspaper, within 20 days prior
      to the cutt-off date for shareholders entitled to payment of this dividend.
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| The dividend to be distributed
      corresponds to a provisory dividend of Ch$5 per share.
|---------------------------------------------------------------------------------------------



| | * Declaration: The undersigned declares that information
      contained in this Form is a faithful expression of the truth and takes legal
      responsibility for the accuracy of this information.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | RICARDO MENDOZA
      VIVANCOLegal Representative
      Distribución y Servicio D&S S.A.
| | ----------------------------------------------------------------------------------------

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