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MEMORANDUM                              [(Check Box)]AERO   [(Check Box)] ORDINARIO 
                                                         COPIAS A:
                                              TITULO                    LUGAR  

SA  E.R. Silliman       DE  Chief
DEPT  Executive         DEPT  Accountant
LUGAR  México, D.F.     LUGAR México, D.F.
========================================================================================================
ASUNTO:                              FECHA: July 24,1957
                                           REF: PAG-2002-7

      Enclosed please find statement of the Retirement Income Plan sent by Pan American World Airways, Inc., for- your files.
                                                        [(Signature)]
                                                        Mario Hernández Robles. 

cc. PAA Miami
Incls. Statement 
AVH Ice

MEXICO VUELA POR MEXICANA -----------------------------------------------------------------------------
                                                    Impresso en Mexico
                                                    Printed in Mexico