|Exhibit 2.5
|-----------

|Execution Copy
|--------------



|First Supplemental Indenture
|----------------------------



|Dated as of October 15, 2003
|----------------------------

|
|



|CORPORACIÓN INTERAMERICANA
DE BEBIDAS, S.A. de C.V.
|---------------------------------------------------



|AS ISSUER
|---------



|AND
|---



|COCA-COLA FEMSA, S.A. de C.V. AS GUARANTOR
|------------------------------------------



|AND
|---



|JPMORGAN CHASE BANK AS TRUSTEE
|------------------------------

|
|



|$300,000,000
|------------



|71⁄4% SENIOR NOTES DUE 2009
|-------------------------



| |  | 
| |  | 



---





|THIS FIRST
SUPPLEMENTAL INDENTURE, dated as of October 15, 2003, is among CORPORACIÓN
INTERAMERICANA DE BEBIDAS, S.A. de C.V., a Mexican corporation (formerly Panamerican
Beverages, Inc.) (the Company), COCA-COLA FEMSA, S.A. de C.V., as guarantor,
and JPMORGAN CHASE BANK, a New York banking corporation, as trustee (the Trustee).
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|RECITALS OF THE COMPANY AND THE
PARENT GUARANTOR
|------------------------------------------------



|WHEREAS, the
Company has issued an aggregate principal amount of $300,000,000 of its 71⁄4% Senior
Notes due 2009 (the Notes) pursuant to an indenture dated as of July 11, 1997
(the Indenture), between  the Company and the Trustee;
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|WHEREAS, pursuant
to Section 9.01(vi) of the Indenture, the Company and the Trustee may, without  the
consent of any Holder, enter into a supplemental indenture to amend and supplement the
Indenture to  add Guarantees with respect to the Notes;
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|WHEREAS, in May
2003, the Company became a wholly-owned subsidiary of the Parent Guarantor  (defined
below);
|------------------------------------------------------------------------------------------------------------



|WHEREAS, the
Parent Guarantor intends to guarantee in full each of the Companys obligations
under  the Indenture; and
|----------------------------------------------------------------------------------------------------------------------



|WHEREAS, all
things necessary for the execution of this First Supplemental Indenture and to make  this
First Supplemental Indenture a valid and binding agreement of the Company and the Parent
Guarantor  have been done.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|NOW, THEREFORE,
for and in consideration of the premises and the mutual covenants and agreements
hereinafter set forth, the parties hereto agree, for the equal and proportionate benefit
of all Holders of  the Notes, as follows:
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|ARTICLE 1
|---------



|RATIFICATION; DEFINITIONS
|-------------------------



|SECTION
      1.01.First Supplemental Indenture. This First Supplemental Indenture
      is supplemental to, and is entered into in accordance with Section 9.01(vi)
      of, the Indenture, and except as modified, amended and supplemented by this
      First Supplemental Indenture, the provisions of the Indenture are in all
      respects ratified and confirmed and shall remain in full force and effect.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      1.02.Definitions. Unless the context shall otherwise require, all
      terms which are defined in Sections 1.01 and 1.02 of the Indenture shall
      have the same meanings, respectively, in this First Supplemental Indenture
      as such terms are given in said Sections 1.01 and 1.02 of the Indenture.
      In addition, for purposes of this First Supplemental Indenture the following
      terms shall have the respective meanings assigned them below:
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Agent for
Service shall have the meaning set forth in Section 4.06.
|---------------------------------------------------------------------



|Company shall
have the meaning set forth in the preamble.
|-----------------------------------------------------------



|Indenture shall
have the meaning set forth in the recitals.
|-------------------------------------------------------------



|Notes shall
have the meaning set forth in the recitals.
|---------------------------------------------------------



| | 1 | 
| | - | 



---





|Obligations shall
have the meaning set forth in Section 2.01(a).
|------------------------------------------------------------------



|Parent
Guarantee shall have the meaning set forth in Section 2.01(a).
|-----------------------------------------------------------------------



|Parent
Guarantor means Coca-Cola FEMSA, S.A. de C.V., a Mexican corporation, unless and
until a successor replaces it in accordance with Article 3 of this First Supplemental
Indenture and thereafter means such successor.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Successor
Parent Guarantor shall have the meaning set forth in Section 3.01(i)(b).
|------------------------------------------------------------------------------------



|Trustee shall
have the meaning set forth in the preamble.
|-----------------------------------------------------------



|ARTICLE 2
|---------



|PARENT GUARANTEE
|----------------



|SECTION
      2.01.Parent Guarantee.
|------------------------------------



|(a)  The Parent
Guarantor hereby fully, unconditionally and irrevocably guarantees (the  Parent
Guarantee), as primary obligor and not merely as surety, to each Holder and the
Trustee the full  and punctual payment when due, whether at maturity, by acceleration, by
redemption or otherwise, of the  obligations of the Company to the Holders or the Trustee
under the Indenture (the Obligations).  The  Parent Guarantor further agrees
(to the extent permitted by law) that the Obligations may be extended or  renewed, in
whole or in part, without notice or further assent from it, and that it will remain bound
under this Section 2.01 notwithstanding any extension or renewal of any Obligation.  The
Parent Guarantor  hereby agrees to pay, in addition to the amounts stated above, any and
all expenses (including reasonable  counsel fees and expenses) incurred by the Trustee or
the Holders in enforcing any rights under the Parent  Guarantee.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b)  The Parent
Guarantor waives presentation to, demand of payment from and protest to the  Company of
any of the Obligations and also waives notice of protest for nonpayment.  The Parent
Guarantor  waives notice of any default with respect to its Obligations.  The obligations
of the Parent Guarantor  hereunder shall not be affected by (i) the failure of any Holder
to assert any claim or demand or to  enforce any right or remedy against the Company or
any other Person under the Indenture, the Notes or any  other agreement or otherwise;
(ii) any extension or renewal of any thereof; (iii) any rescission, waiver,  amendment or
modification of any of the terms or provisions of the Indenture, the Notes or any other
agreement; (iv) the release of any security held by any Holder or the Trustee for the
Obligations or any  of them; or (v) the failure of any Holder to exercise any right or
remedy against the Parent Guarantor.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(c)  The Parent
Guarantor further agrees that the Parent Guarantee herein constitutes a  guarantee of
payment when due (and not a guarantee of collection) and waives any right to require that
any  resort be had by any Holder to any security held for payment of the Obligations.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(d)  The
obligations of the Parent Guarantor hereunder shall not be subject to any reduction,
limitation, impairment or termination for any reason (other than payment of the
Obligations in full),  including any claim of waiver, release, surrender, alteration or
compromise, and shall not be subject to  any defense of setoff, counterclaim, recoupment
or termination whatsoever or by reason of the invalidity,  illegality or unenforceability
of the Obligations or otherwise.  Without limiting the generality of the  foregoing, the
obligations of the Parent Guarantor herein shall not be discharged or impaired or
otherwise  affected by the failure of any Holder to assert any claim or demand or to
enforce any remedy under the  Indenture, the Notes or any other agreement, by any waiver
or modification of any thereof, by any
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2 | 
| | - | 



---





|default,  failure or delay, willful or
otherwise, in the performance of the Obligations, or by any other act or  thing or
omission or delay to do any other act or thing which may or might in any manner or to any
extent  vary the risk of the Parent Guarantor or would otherwise operate as a discharge
of the Parent Guarantor as  a matter of law or equity.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(e)  The Parent
Guarantor further agrees that the Parent Guarantee herein shall continue to be  effective
or be reinstated, as the case may be, if at any time payment, or any part thereof, of
principal  of or interest on any of the Obligations is rescinded or must otherwise be
restored by any Holder upon the  bankruptcy or reorganization of the Company or otherwise.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(f)  In
furtherance of the foregoing and not in limitation of any other right which any Holder
has at law or in equity against the Parent Guarantor by virtue hereof, upon the failure
of the Company to  pay any of the Obligations when and as the same shall become due,
whether at maturity, by acceleration, by  redemption or otherwise, the Parent Guarantor
hereby promises to and will, upon receipt of written demand  by the Trustee, forthwith
pay, or cause to be paid, in cash, to the Holders an amount equal to the sum of:
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | the unpaid amount of such Obligations then due
      and owing; and
| | --- | -------------------------------------------------------------------



| | (ii) | accrued and unpaid interest on such Obligations
      then due and owing (but only to the extent not prohibited by law).
| | ---- | ------------------------------------------------------------------------------------------------------------------------



|(g)  The Parent
Guarantor further agrees that, as between itself, on the one hand, and the  Holders, on
the other hand:
|-----------------------------------------------------------------------------------------------------------------------



| | (i) | the maturity of the Obligations guaranteed hereby
      may be accelerated as provided in the Indenture for the purposes of the
      Parent Guarantee, notwithstanding any stay, injunction or other prohibition
      preventing such acceleration in respect of the Obligations guaranteed hereby;
      and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | in the event of any such declaration of acceleration
      of such Obligations, such Obligations (whether or not due and payable) shall
      forthwith become due and payable by the Parent Guarantor for the purposes
      of the Parent Guarantee.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      2.02. No Subrogation. The Parent Guarantor agrees that it shall
      not be entitled to any right of subrogation in respect of any Obligations
      until payment in full of all Obligations and all obligations to which the
      Obligations are subordinated. If any amount shall be paid to the Parent
      Guarantor on account of such subrogation rights at any time when all of
      the Obligations and all obligations to which the Obligations are subordinated
      shall not have been paid in full, such amount shall be held by the Parent
      Guarantor in trust for the Trustee and the Holders, segregated from other
      funds of the Parent Guarantor, and shall, forthwith upon receipt by the
      Parent Guarantor, be turned over to the Trustee in the exact form received
      by the Parent Guarantor (duly endorsed by the Parent Guarantor to the Trustee,
      if required), to be applied against the Obligations or obligations to which
      the Obligations are subordinated.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      2.03. Limitation on Liability, Release and Discharge.
|-------------------------------------------------------------------



|(a)  The
obligations of the Parent Guarantor hereunder will be limited to the maximum amount  as
will, after giving effect to all other contingent and fixed liabilities of the Parent
Guarantor and  after giving effect to any collections from or payments made by or on
behalf of the Parent Guarantor in  respect of the obligations under the Parent Guarantee,
result in the obligations of the Parent Guarantor
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3 | 
| | - | 



---





|under the Parent Guarantee not constituting a
fraudulent conveyance or fraudulent transfer under federal  or state law.
|-----------------------------------------------------------------------------------------------------------------------



|(b)  Concurrently
with the discharge of the Notes under Section 8.01(a) of the Indenture, the  covenant
defeasance of the Notes under Section 8.01(b) of the Indenture, the defeasance of
the Notes  under Section 8.01(b) of the Indenture or the redemption in full of the Notes
under Article 3 of the  Indenture, the Parent Guarantor shall be released from all its
obligations under its Parent Guarantee  under this Article 2.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|ARTICLE 3
|---------



|SUCCESSORS
|----------



|SECTION
      3.01.Consolidations and Mergers of the Parent Guarantor. The Parent
      Guarantor shall not, in a single transaction or through a series of transactions
      consolidate, amalgamate or combine with or merge with or into any Person,
      or directly or indirectly sell, assign, convey, transfer, lease or otherwise
      dispose of all or substantially all its properties and assets to any Person
      or Persons and the Parent Guarantor shall not permit any of its Subsidiaries
      to enter into any such transaction or series of transactions, if such transactions
      or series of transactions, in the aggregate, would result in the sale, assignment,
      conveyance, lease, transfer or disposition of all or substantially all of
      the properties and assets of the Parent Guarantor and its Subsidiaries taken
      as a whole, to any Person or Persons unless: (i) either (a) the Parent Guarantor
      shall be the continuing Person in the case of a merger or (b) the resulting,
      surviving or transferee Person if other than the Parent Guarantor (the Successor
      Parent Guarantor) shall expressly assume, by an indenture supplemental
      to the Indenture, executed and delivered to the Trustee in form reasonably
      satisfactory to the Trustee, all the obligations of the Parent Guarantor
      under this First Supplemental Indenture; (ii) immediately after giving effect
      to such transaction or series of transactions on a pro forma basis (including,
      without limitation, any Indebtedness Incurred or anticipated to be Incurred
      in connection with or in respect of such transaction or series of transactions)
      no Default or Event of Default with respect to the Company would occur or
      be continuing and the Parent Guarantor shall have delivered, to the Trustee
      an Officers Certificate to that effect; and (iii) the Parent Guarantor
      or the Successor Parent Guarantor, as the case may be, shall have delivered
      to the Trustee an Officers Certificate and an Opinion of Counsel,
      each stating that such transaction or series of transactions and such supplemental
      indenture (if any) comply with the Indenture and that such supplemental
      indenture constitutes the legal, valid and binding obligation of the Successor
      Parent Guarantor, enforceable against such entity in accordance with its
      terms, subject to customary exceptions, and that all conditions precedent,
      if any, in this First Supplemental Indenture relating to the transaction
      or series of transactions have been satisfied.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      3.02.Rights and Duties of Successor Corporation. In case of any
      consolidation or merger, or conveyance or transfer of the assets of the
      Parent Guarantor as an entirety or virtually as an entirety in accordance
      with Section 3.01 of this First Supplemental Indenture, the Successor Parent
      Guarantor shall succeed to and be substituted for the Parent Guarantor,
      with the same effect as if it had been named herein as the Parent Guarantor,
      and the predecessor corporation shall be relieved of any further obligation
      under this First Supplemental Indenture.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4 | 
| | - | 



---





|ARTICLE 4
|---------



|MISCELLANEOUS
|-------------



|SECTION
      4.01. No Recourse Against Others. No past, present or future director,
      officer employee, direct or indirect shareholder or incorporator or Affiliate
      of the Parent Guarantor, as such, shall have any liability for any obligation
      of the Parent Guarantor under this First Supplemental Indenture or for any
      claim based on, in respect of, or by reason of, any such obligation or the
      creation of any such obligation. Each Holder waives and releases such Persons
      from all such liability.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      4.02.Successors. Except as set forth in Section 3.02, all agreements
      of the Parent Guarantor in this First Supplemental Indenture shall bind
      any successors of the Parent Guarantor.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      4.03.Notices and Demands on Parent Guarantor. Any notice or demand
      which by any provision of this First Supplemental Indenture is required
      or permitted to be given or served by the Trustee or by the Holders to or
      on the Parent Guarantor may be given to Coca-Cola FEMSA, S.A. de C.V., Guillermo
      González Camarena No. 600, Centro de Ciudad Santa Fe, 01210 México,
      D.F., México; Attention: Corporate Finance and Treasury Director (telecopier:
      011-52-55-5292-3474), in each case in accordance with the methods provided
      in Section 10.02 of the Indenture.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      4.04.Governing Law. The internal laws of the State of New York shall
      govern this First Supplemental Indenture, without regard to the conflict
      of laws provisions thereof.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      4.05.Counterparts. This First Supplemental Indenture may be executed
      in any number of counterparts and by the parties hereto in separate counterparts,
      each of which when so executed shall be deemed to be an original and all
      of which taken together shall constitute one and the same agreement.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      4.06. Consent to Jurisdiction; Designation of Agent. The Parent Guarantor
      hereby irrevocably submits to the non-exclusive jurisdiction of any State
      of New York or United States federal court sitting in the State of New York
      over any action or proceeding arising out of or in relation to this First
      Supplemental Indenture or the Indenture as amended or supplemented from
      time to time, and hereby irrevocably agrees that all claims in respect of
      such action or proceeding may be heard and determined in such New York or
      federal court. The Parent Guarantor hereby irrevocably appoints CT Corporation
      System (the Agent for Service) as its agent to receive on its
      behalf service of copies of the summons and complaint and any other process
      which may be served in any such action or proceeding. Service may be made
      on the Parent Guarantor by mailing or delivering a copy of such process
      to the Parent Guarantor in care of the Agent for Service at the address
      of the Agent for Service in the State of New York, and the Parent Guarantor
      hereby irrevocably authorizes and directs the Agent for Service to accept
      such service on its behalf. The Parent Guarantor further agrees that a final
      judgment in any such action or proceeding after the expiration of any period
      permitted for appeal and subject to any stay during appeal shall be conclusive
      and may be enforced in other jurisdictions by suit on the judgment or in
      any other manner provided by law. The Parent Guarantor further waives any
      objection to venue in the State of New York and objection to any action
      or proceeding in such State on the basis of forum non conveniens. Nothing
      in this Section 4.06 shall affect the right of the Parent Guarantor to bring
      any action or proceeding against any other Person or their property in the
      courts of any other jurisdiction.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      4.07.Incorporation into Indenture. All provisions of this First
      Supplemental Indenture shall be deemed to be incorporated in, and made part
      of, the Indenture; and the Indenture, as amended and supplemented by this
      First Supplemental Indenture, shall be read, taken and construed as one
      and the same instrument.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5 | 
| | - | 



---





|SECTION
      4.08.Acceptance. The Trustee accepts the Indenture, as supplemented
      by this First Supplemental Indenture, and agrees to perform the same upon
      the terms and conditions set forth therein as so supplemented.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      4.09.Severability. If any provision in this First Supplemental Indenture
      shall be invalid, illegal or unenforceable, the validity, legality and enforceability
      of the remaining provisions shall not in any way be affected or impaired
      thereby.
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      4.10.Headings, Etc. The headings of the Articles and Sections of
      this First Supplemental Indenture have been inserted for convenience of
      reference only, are not to be considered part of this First Supplemental
      Indenture, and shall in no way modify or restrict any of the terms or provisions
      of this First Supplemental Indenture.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|SECTION
      4.11. The Trustee. The Trustee shall not be responsible in any manner
      whatsoever for or in respect of the validity or sufficiency of this First
      Supplemental Indenture or for or in respect of the recitals contained herein,
      all of which are solely made by the Company and the Parent Guarantor.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|IN WITNESS
WHEREOF, the parties have caused this First Supplemental Indenture to be executed as of
the date and year first written.
|-----------------------------------------------------------------------------------------------------------------------------------

| | CORPORACIÓN INTERAMERICANA
      DE BEBIDAS, 
      S.A. de C.V.
| | ----------------------------------------------------------------
| |                                                                 
| | By: /s/                                                         
| | Name:                                                           
| | Title:                                                          
| |                                                                 
| | COCA-COLA FEMSA, S.A. de C.V.,
      
      as Parent Guarantor 
| |                                                                 
| | By: /s/                                                         
| | Name:                                                           
| | Title:                                                          
| |                                                                 
| | JPMORGAN CHASE BANK, as Trustee                                 
| |                                                                 
| | By: /s/                                                         
| | Name:                                                           
| | Title:                                                          



| | 6 | 
| | - | 



---