Exhibit 5 / Anexo 5

[English] Memorandum from an investment banking group stating that Zedillo needs to use a military offensive to defeat the insurgency. A few days after the publication of this memorandum, Zedillo ordered the arrest of the leader of the Zapatistas. The attempt failed.

[Spanish] Memorandum de un fondo bancario que indica que Zedillo tiene usar una ofensiva militar para derrotar a los insurgentes en Chiapas. A los pocos dias de la publicacion de este memorandum, Zedillo mando arrestar al jefe de los Zapatista, pero no lo consiguio.

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