EXHIBIT 10.30


Citibank, N.A.
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                               CONFIRMATION


Date:                 July 18, 2000

To:                   Panamerican Beverages, Inc.

Attention:            Chief Financial Officer or General Counsel
                      Paulo J. Sacchi/Carlos Hernandez-Artigas

Fax Number:           305-856-3900

From :                Citibank, N.A., New York

Attention:            Confirmation Control
                      333 West 34th Street
                      New York, NY 10001

Fax Number:           212-615-8985

Transaction No:


We hereby confirm the terms of the following Deposit under the Account Opening
Agreement for an Asset Linked Time Deposit dated July 18, 2000 (the
"Agreement"), between Panamerican Beverages, Inc. (the "Depositor") and
Citibank N.A., New York Branch, (the "Bank"). Capitalized terms used and not
otherwise defined herein shall have the meanings set forth in the Agreement
and, unless expressly modified herein, all provisions contained in the
Agreement shall govern this Confirmation.

This Confirmation certifies that on the Transaction Date as of July 18, 2000,
the Depositor agreed to place a Deposit with the Bank subject to the following
terms and conditions:

I.  GENERAL PROVISIONS

Transaction Date:          July 18, 2000

Final Placement Date:      July 26, 2000

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Citibank, N.A.
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Maturity Date:             July 28, 2003, subject to the declaration of a
                           Risk Event (Credit Risk Event or Sovereign Risk
                           Event) and/or an Early Termination Event

Final Payment Date:        Maturity Date plus two Local Business Days

Calculation Agent:         Citibank, N.A., New York

Reference Jurisdiction:    The Republic of Venezuela

Payment Currency:          US Dollar ("USD")

Reference Currency:        Venezuelan Bolivar, or any successor currency

Deposit Amount:            USD 100,000,000.00

Repayment Amount:          Subject to the occurrence of a Risk Risk Event
                           during the Risk Event Determination Period, the
                           Repayment Amount shall be USD 100,000,000.00. In
                           the event of notification of Risk Event, Bank
                           shall, in lieu of paying the Repayment Amount,
                           follow procedures as described below in "Alternate
                           Obligations upon Declaration of a Risk Event".

Interest Rate:             6-mo USD LIBOR BBA + 4.00 % per annum

Interest Amount(s):        Interest Rate * USD Deposit Amount

                           determined on each Reset Date; calculated on an
                           actual / 360 basis and payable in arrears on:

                           January 26, 2001
                           July 26, 2001
                           January 28, 2002
                           July 26, 2002
                           January 27, 2003
                           July 28, 2003

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Citibank, N.A.
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                           provided, however that a Risk Event has not been
                           declared. In the event of notification of Risk
                           Event, no Interest Amount(s) shall be payable. In
                           the event of notification of Risk Event, Citibank
                           shall, in lieu of paying the Interest Amount(s),
                           follow procedures as described below in "Alternate
                           Obligations upon Declaration of a Risk Event".

Reset Dates:               January 22, 2001
                           July 24, 2001
                           January 24, 2002
                           July 24, 2002
                           January 23, 2003

Local Business Day:        A day on which banks are not authorized or
                           required to close in Caracas, Republic of Venezuela

Reference Entity:          PANAMCO DE VENEZUELA, S.A.

Reference Obligations:     With respect to the Reference Entity, any
                           indebtedness (whether present or future) future) in
                           respect of borrowed money or derivative contracts.
                           Specific Reference Obligation: A draft of which is
                           attached as Attachment "A"

                           Asset Type:            Loan

                           Denomination:          Japanese Yen
                           Documentation:         Credit Agreement dated as of
                                                  July 18, 2000 by and among
                                                  Borrower, Lender and Panamco
                                                  Beverages Inc.("Credit
                                                   Agreement")
                           Governing Law:         State of New York
                           Borrower:              PANAMCO DE VENEZUELA, S.A.
                           Lender:                INARCO INTERNATIONAL BANK N.V.
                           Loan Amount:           JPY 10,815,000,000.00
                           Interest:              6-mo JPY LIBOR +3.55 % p.a.,
                                                    act/360
                           Loan Commencement
                           Date:                  July 26, 2000

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Citibank, N.A.
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                          Loan Termination Date:     July  28,  2003, subject
                                                     to occurrence of Event of
                                                     Default or Prepayment as
                                                     described in Credit
                                                     Agreement
                          Principal Payment Date:    Loan Termination Date
                          Interest Payment Date:     Semiannually

Swap Transaction:         Cross Currency Swap transaction entered into by and
                          between Citibank N.A., New York and Reference Entity
                          as of July 18, 2000 under the terms of the ISDA
                          Master Agreement dated as of July 18, 2000 by and
                          between Citibank, N.A., New York and the Reference
                          Entity.

II.  ALTERNATE OBLIGATIONS UPON DECLARATION OF A RISK EVENT

If an event capable of being declared a Risk Event has occurred and is
continuing on any day during the Risk Event Determination Period, Bank may at
its option declare a "Risk Event" and designate an Alternate Payment Date.
Following any such declaration, Bank shall so notify the Depositor; provided,
however, that failure of Bank to so notify the Depositor shall not nullify the
declaration.

               (i) Following Bank's declaration of a Risk Event, other than a
               Sovereign Risk Event, as defined under (ii) below, Bank shall
               elect at its option to perform or cause to be performed one of
               the following alternative obligations on or prior to the
               Alternate Payment Date (or if settlement by such date is
               impracticable, as soon thereafter as is practicable), in lieu
               and in full satisfaction of its obligation to make any and all
               payments due under this Deposit:

                    (a) Bank shall transfer or cause to be transferred to the
                    Depositor the Specific Reference Obligations such transfer
                    to be accomplished directly by assignment to the Depositor
                    in accordance with the terms of the Mandatory Assignment
                    provision (Section 4.2) of the Credit Agreement relating
                    to the Specific Reference Obligations and the letter of
                    Assignment and Acceptance dated as of July 18, 2000, a
                    form of which is attached as Exhibit F to the Credit
                    Agreement; or if Bank determines in its sole discretion
                    that any such direct transfer is illegal or impossible,
                    then

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Citibank, N.A.
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                    (b) Bank shall pay to the Depositor the Alternate Payment
                    Amount (as defined below).

               (ii) Upon the occurrence of a Sovereign Risk Event under the
               terms of this Confirmation, the Specific Reference Obligation
               and/or, or with respect to the Swap Transaction (and as such
               term is defined in the documentation governing each such
               asset), Bank shall refrain from exercising the Alternate
               Obligations set forth above until the earlier of (i) such time
               as the parties to the relevant transaction have exhausted the
               potential cures under the terms of such transaction or (ii) 15
               Business Days after Bank's declaration of a Risk Event due to
               Sovereign Risk hereunder. Thereafter, Bank may elect to
               exercise its rights as set forth in paragraphs (i)(a) and
               (i)(b) above.

               Any payment or delivery made pursuant to this section shall be
               reduced by an amount of cash, securities or other assets, as
               the case may be, sufficient to satisfy any and all Taxes or
               Charges applicable to the holding, transfer and/or sale of the
               Specific Reference Obligations.

               This Deposit shall expire and Bank shall have no further
               liability hereunder (unless Bank shall have defaulted on its
               obligations hereunder) following the earliest of (i) payment of
               the Repayment Amount, and (ii) Bank's satisfaction of its
               obligations following its declaration of a Risk Event, as
               described above.

               ALTERNATE PAYMENT AMOUNT means an amount in US Dollars equal to
               the amount that a third party (whether within the Reference
               Jurisdiction or otherwise) would be willing and able to pay for
               the Specific Reference Obligations or a beneficial interest
               therein, as determined by Bank in its sole reasonable
               discretion.

RISK EVENTS:   The occurrence, as determined by the Calculation Agent in its
               sole discretion, bona fide and in commercially reasonable
               manner, of any one of the following events:

               Any event or the existence of any condition (except for (i) any
               single event that has occurred prior to the Trade Date and (ii)
               any condition that exists continuously from the Trade Date to
               the Risk Event Determination Date) that (1) would cause a
               Reference Investor (a) not to receive any or all of the
               proceeds of Reference Obligations; (b) not to be able to
               convert proceeds denominated in

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Citibank, N.A.
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               the Reference Currency into U.S. Dollars; or (c) not to be able
               to repatriate the proceeds (whether denominated in foreign
               currency or the Reference Currency and whether or not
               consisting of cash) out of the Reference Jurisdiction, or (2)
               that diminishes, directly or indirectly, its return on
               investment in such assets (it being understood that interest
               rate and/or foreign exchange fluctuations, by themselves, shall
               not constitute the basis for the declaration of a Risk Event ).
               "Risk Event" shall include (but not be limited to) the
               following Credit Risk Events and Sovereign Risk Events:

CREDIT RISK
EVENTS:        REFERENCE ENTITY DEFAULT EVENT means with respect to the
               Reference Obligations (1) the failure of the relevant Reference
               Entity to make, or the failure of Reference Investors to
               receive (whether due to the actions of the relevant Reference
               Entity or otherwise), timely payment in full of any principal,
               interest or other amounts due (without giving effect to any
               applicable grace periods) on such Reference Obligations for any
               reason whatsoever, provided however, that any such failure to
               receive is not due to the gross negligence or willful
               misconduct on the part of the Bank or its Affiliates; or the
               occurrence of any other event or the existence of any condition
               that would with the passage of time, the giving of notice, the
               election of holders or a combination of the foregoing
               constitute a default under any such Reference Obligations
               (howsoever described); (2) the declaration of a moratorium,
               waiver, deferral, repudiation or rescheduling of any principal,
               interest or other amount due on such Reference Obligations; (3)
               the amendment or modification of the terms and conditions of
               payment of any principal, interest or other amounts due or of
               any other term or condition that has a material and adverse
               affect on the beneficial owner of such Reference Obligations
               (including without limitation as the result of amendments or
               modifications to indices, exchange rates or any other term
               defined independently from the Reference Obligations, but
               incorporated by reference therein); or (4) the taking of any
               other action or the making of any official statement by any
               Governmental Authority that adversely affects, the ability of a
               Reference Entity, or otherwise limits the obligation of a
               Reference Entity, to make any payment due on such Reference
               Obligations.


               BANKRUPTCY means (i) the commencement by the Reference Entity
               of any case or proceeding under any bankruptcy, insolvency,
               reorganization, liquidation, moratorium, dissolution,
               delinquency or similar law, or the Reference Entity

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Citibank, N.A.
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               seeking the appointment or election of a receiver, conservator,
               trustee, custodian or similar official for the Reference Entity
               or any substantial part of its property, or the convening of
               any meeting of creditors for purposes of commencing any such
               case or proceeding or seeking such an appointment or election,
               (ii) the commencement of any such case or proceeding against
               the Reference Entity, or another seeking such an appointment or
               election, (iii) the making by the Reference Entity of a general
               assignment for the benefit of creditors, or (iv) the admission
               in writing by the Reference Entity of its inability to pay its
               debts as they become due.

SOVEREIGN RISK
EVENTS:        INCONVERTIBILITY EVENT means the occurrence of any event or
               existence of any condition (including without limitation any
               such event or condition that occurs as a result of the
               enactment, promulgation, execution, ratification,
               interpretation or application of, or any change in or amendment
               to, any law, rule or regulation by any Governmental Authority)
               that generally makes it impossible, illegal or impracticable
               for any Reference Investor, or materially hinders its ability,
               (1) to convert the Reference Currency into U.S. Dollars through
               customary legal channels; or (2) to effect currency
               transactions on terms as favourable as those available to
               residents of the Reference Jurisdiction.

               NON-TRANSFERABILITY EVENT means any event (including without
               limitation any such event that occurs as a result of the
               enactment, promulgation, execution, ratification,
               interpretation or application of, or any change in or amendment
               to, any law, rule or regulation by any Governmental Authority)
               that generally makes it impossible, illegal or impracticable
               for a Reference Investor, or materially hinders its ability, to
               transfer the Reference Obligations , Reference Currency, US
               Dollars or Japanese Yens (1) from accounts inside the Reference
               Jurisdiction to accounts outside the Reference Jurisdiction and
               vice versa; (2) between accounts inside the Reference
               Jurisdiction; or (3) from accounts outside the Reference
               Jurisdiction controlled or owned by residents of the Reference
               Jurisdiction to accounts outside the Reference Jurisdiction.

               NATIONALIZATION EVENT means the expropriation, confiscation,
               freezing, requisition, nationalization or other action by any
               Governmental Authority which directly or indirectly deprives
               the Reference Investors of any Reference Obligations (including
               rights to receive payments) in the Reference Jurisdiction.

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               OWNERSHIP RESTRICTION EVENT means any event (including but not
               limited to changes in the regulations of, or the making of any
               official statement by, any Governmental Authority) that causes
               it to be illegal, impossible or impracticable for any Reference
               Investor to purchase, hold, sell or transfer any Reference
               Obligation (or that adversely affects the ability of such an
               investor to purchase, hold, sell or transfer any Reference
               Obligations).

               BANKING MORATORIUM EVENT means the declaration of capital
               and/or currency controls or a general banking moratorium in the
               Reference Jurisdiction or any suspension of payments by banks
               in the Reference Jurisdiction.

               FORCE MAJEURE EVENT means the occurrence of any force majeure.

III.   EARLY TERMINATION

               In the even that the Borrower under the Specific Reference
               Obligation elects to prepay such Specific Reference Obligation
               under the terms of Section 4.1 of the Credit Agreement ("Early
               Termination Event"), then Bank shall terminate this Deposit on
               [at least one] Business Days' notice to Depositor.

               Thereafter, Bank shall designate an Early Termination Date and
               pay to Depositor on such date the Deposit Amount plus accrued
               interest from and including the last interest payment date to
               but excluding the Early Termination Date plus the Early
               Termination Compensation Amount and any applicable Taxes and
               Charges. Thereafter neither party shall have any further
               obligations under this Deposit and Confirmation.

               The Early Termination Compensation Amount shall be an amount
               calculated according to the following formula:

                         (USDLIBOR1-USDLIBOR2) * D/360
                      N* -----------------------------
                            (1 + USDLIBOR2* D/360)

Where:

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N                   = USD Deposit Amount

USDLIBOR1           = 6-mo USD LIBOR BBA for the current Calculation Period.

USDLIBOR2           = USD LIBOR BBA for a tenor equal to D.

D                   = the number of days remaining in the respective
                      Calculation Period.

Calculation Period  = a period  between  two  subsequent
                      interest  payment dates scheduled under this
                      Confirmation.

If the amount calculated according to the formula above is (i) a positive
amount, the Bank shall pay to the Depositor such amount, and (ii) a negative
amount, the Bank shall subtract from the Depositor the absolute value of such
amount.

IV.      DEFINITIONS

For purposes of this Confirmation:

"Affiliate" means, in respect of any designated person, any person that
directly or indirectly controls or is controlled by or is under common control
with such designated person. For purposes of this definition, control
(including with correlative meanings, the terms controlled by and under common
control with), as used with respect to any person, shall mean the possession,
directly, or indirectly, of the power to direct or cause the direction of the
management and policies of such person, whether through the ownership of
voting securities or by contract or otherwise.

"Alternate Payment Date" means the date specified by the Bank upon the
declaration of a Risk Event, which date shall not be more than 25 Business
Days following the Risk Event Determination Date.

"Charges" means any charges, fees, expenses or other costs that would be
incurred by the Bank or a lender under the Specific Reference Obligations
after the Trade Date which are imposed, charged or otherwise put into effect
by any Governmental Authority in respect of any portion of the period
beginning on the Transaction Date and ending on the Maturity Date, as the case
may be, in connection with any Reference Obligations, including but not
limited to

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loans in the Reference Jurisdiction or the entering into or settlement of any
related foreign exchange transactions.

"Governmental Authority" means any de facto or de jure government (or any
agency or subdivision thereof), court, tribunal, administrative or other
governmental or any other entity (public or private) charged with the
regulation of the financial markets (including the Central Bank) of the
Reference Jurisdiction.

"Reference Investor" means any member of a class of persons that includes Bank
or any of its Affiliates (including, without limitation, any trust, special
purpose vehicle or account through which Bank or any of its Affiliates may
hold Reference Obligations in the Reference Jurisdiction).

"Risk Event Determination Date" means the date on which Bank declares that a
Risk Event has occurred.

"Risk Event Determination Period" means the period from and including Final
Placement Date and including the Maturity Date.

"Taxes" means any tax (including any withholding or excise tax), levy, impost,
duty, charge, assessment or fee of any nature whatsoever (including any
interest or penalties, "Taxes") enacted, imposed or otherwise put into effect
after the Trade Date by any Governmental Authority, including but not limited
to any modifications or amendments to any Taxes in effect on the Trade Date or
any change in interpretation or application of any law or regulation relating
to any Taxes in effect on the Trade Date which would result in an increase in
any amounts payable by, or withheld or deducted from payments due to an issuer
or any lender in respect of loans in the Reference Jurisdiction or the
entering into or settlement of any related foreign exchange transactions for
any portion of the period beginning on the Transaction Date and ending on the
Maturity Date.

V.  RIGHTS WITH RESPECT TO SPECIFIC REFERENCE OBLIGATIONS

This Deposit does not transfer to the Depositor the rights, if any, which Bank
or any Affiliate thereof may have with respect to the Specific Reference
Obligations, including any rights relating to enforcement of the Specific
Reference Obligations. In addition, Bank is not and shall not be deemed to be
acting as the agent or trustee of the Depositor with respect to the Specific
Reference Obligations.

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Bank shall have no obligation to provide information to Depositor relating to
the Specific Reference Obligations. The Depositor shall have no right to vote
or otherwise exercise any rights or powers arising under the Specific
Reference Obligations under the terms of this Confirmation and the Deposit
described herein; provided, however, that notwithstanding the foregoing, the
Bank may consider but shall have no obligation to accommodate the desires of
Depositor with respect to any such vote or election.

VI.   MISCELLANEOUS.

The Depositor certifies that the representations and warranties made in the
Agreement were true and correct on and as of The Transaction Date of this
Deposit as if such representations and warranties were made as of such date.

IN PARTICULAR, THE DEPOSITOR UNDERSTANDS THAT OBLIGATIONS ARE INSURED BY THE
UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION ONLY UP TO THE AMOUNTS
PROVIDED BY LAW AND THAT SUCH DEPOSITS INVOLVE RISKS INCLUDING POSSIBLE LOSS
OF ALL OR A PORTION OF THE DEPOSIT AMOUNT PLUS INTEREST DUE THEREON.

THIS DEPOSIT IS NON-TRANSFERABLE AND NON-NEGOTIABLE AND NEITHER IT NOR ANY
INTEREST THEREIN MAY BE TRANSFERRED, SOLD, PLEDGED OR OTHERWISE REHYPOTHECATED
WITHOUT CITIBANK, N.A.'S PRIOR WRITTEN CONSENT, AND ANY SUCH TRANSFER, SALE,
PLEDGE OR REHYPOTHECATION ATTEMPTED TO BE MADE WITHOUT SUCH PRIOR CONSENT
SHALL BE VOID AND OF NO FORCE OR EFFECT. Depositor hereby covenants that it
will not transfer, sell, pledge or otherwise rehyphothecate or attempt to so
transfer, sell, pledge or rehypothecate this Deposit without first obtaining
the Bank's prior consent.

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This Deposit and its payment shall be governed by, and construed in accordance
with, the Agreement and the laws of the State of New York.


Kindly acknowledge receipt of this confirmation by signing and returning the
attached copy of this confirmation within 24 hours to the attention of our
Control Department, fax # (212) 615-8589. Hard copies should be returned to
Citibank, N.A., Derivatives Documentation Review, at 333 West, 34th Street,
2nd Floor, New York, New York 10001.


Citibank, N.A.



By

ACKNOWLEDGED:


Panamerican Beverages, Inc.


By:______________________________
    Name:
    Title:
    Date:


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