March 1, 2005



Via Facsimile and U.S. Mail

Edmundo Gonzalez Herrera
Financial Representative-New York Office
Banco Nacional de Comercio Exterior, S.N.C.
757 Third Avenue, Suite 2403
New York, New York  10017

Re: 	United Mexican States
      Registration Statement under Schedule B
      Filed February 7, 2005

Dear Mr. Herrera:

	We have reviewed your filing and have the following comments.
Where indicated, we think you should revise your document in
response
to these comments.  If you disagree, we will consider your
explanation as to why our comments are inapplicable or a revision
is
unnecessary.  Please be as detailed as necessary in your
explanation.

	Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or on any other
aspect
of our review.  Feel free to call us at the telephone numbers
listed
at the end of this letter.

Pricing Supplement

Recent Developments, page A-5

1.	We note recent articles reporting concerns that the U.N.
Committee on the Elimination of All Forms of Discrimination
Against
Women has expressed about alleged violations of women`s rights in
Mexico.  See, for example, "UN Rights Panel Slams Mexico on
Killings
of Women," as reported by Reuters on January 27, 2005.
If material, please disclose the circumstances surrounding these
claims and Mexico`s response to them.

Prospectus

Where You Can Find More Information, page 17

2.	Please provide the SEC file number of the Form 18-K that is
incorporated by reference.

Closing Comment

	Please revise your registration statement in response to our
comments.  You may wish to provide us with marked copies of the
revised registration statement to expedite our review.  Please
furnish a cover letter with your revised registration statement
that
keys your responses to our comments and provides any requested
supplemental information.  Detailed cover letters greatly
facilitate
our review.  Please understand that we may have additional
comments
after reviewing your revised registration statement.

	We direct your attention to Rules 460 and 461 of the
Securities
Act regarding requests for acceleration.  Please allow adequate
time
after the filing of any amendment for further review before
submitting a request for acceleration.  Please provide this
request
at least two business days in advance of the requested effective
date.

	Please direct any questions about these comments to me at
(202)
942-2990.




	Michael Coco
	Special Counsel



Cc:   	Via Facsimile
	Wanda J. Olson
	Cleary Gottlieb Steen & Hamilton
      One Liberty Plaza
      New York, New York  10006
      (212) 225-3999
United Mexican States
March 1, 2005
2