Exhibit
        12.1
  ***PRINCIPAL
        EXECUTIVE OFFICER CERTIFICATION***
  I,
        Luiz
        Fernando Ziegler de Saint Edmond ,
        certify
        that:
  1.
        I have
        reviewed this annual report on Form 20−F of Companhia de Bebidas das Américas −
AmBev (the “Registrant”);
  2.
        Based
        on my knowledge, this report does not contain any untrue statement of a material
        fact or omit to state a material fact necessary to make
        the
        statements made, in light of the circumstances under which such statements
        were
        made, not misleading with respect to the period covered by this report;
  3.
        Based
        on my knowledge, the financial statements, and other financial information
        included in this report, fairly present in all material respects
        the financial condition, results of operations and cash flows of the Registrant
        as of, and for, the periods presented in this report;
  4.
        The
        Registrant’s other certifying officers and I are responsible for establishing
        and maintaining disclosure controls and procedures (as defined in Exchange
        Act Rules 13a−15(e) and
        15d−15(e)) and internal control over financial reporting (as defined in Exchange
        Act Rules 13a−15(f) and 15d−15(f))  for
        the
        Registrant and have:
  a.  Designed
        such disclosure controls and procedures, or caused such disclosure controls
        and
        procedures to be designed under our supervision,
        to ensure that material information relating to the Registrant, including
        its
        consolidated subsidiaries, is made known to us by others
        within those entities, particularly during the period in which this report
        is
        being prepared;
  b.  Designed
        such internal control over financial reporting, or caused such internal control
        over financial reporting to be designed under our supervision, to provide
        reasonable assurance regarding the reliability of financial reporting and
        the
        preparation of financial statements for external purposes in accordance with
        generally accepted accounting principles;
  c.  Evaluated
        the effectiveness of the Registrant’s disclosure controls and procedures and
        presented in this report our conclusions about the effectiveness of the
        disclosure controls and procedures, as of the end of the period covered by
        this
        report based on such evaluation; and
  d.  Disclosed
        in this report any change in the Registrant’s internal control over financial
        reporting that occurred during the Registrant's most recent fiscal quarter
        (the
        Registrant's fourth fiscal quarter in the case of an annual report) that
        has
        materially affected, or is reasonably likely to materially affect, the
        Registrant’s internal control over financial reporting;
        and
  
  5.
        The
        Registrant’s other certifying officers and I have disclosed, based on our most
        recent evaluation of internal control over financial reporting,
        to the Registrant’s auditors and the audit committee of Registrant’s Board of
        Directors (or persons performing the equivalent functions):
  a.  All
        significant deficiencies and material weaknesses in the design or operation
        of
        internal control over financial reporting which are  reasonably
        likely to adversely affect the Registrant’s ability to record, process,
        summarize and report financial data; and
  b.  Any
        fraud, whether or not material, that involves management or other employees
        who
        have a significant role in the Registrant’s internal control over financial
        reporting.
  Date: November
        22, 2007
  /s/
                  Luiz Fernando Ziegler de Saint EdmondName:
                  Luiz Fernando Ziegler de Saint EdmondTitle:
                  Chief Executive Officer for Latin
                  America